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    Exam 15: Financial Crises and the Economy
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    If the Value of a Home Falls Below the Amount
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If the Value of a Home Falls Below the Amount

Question 42

Question 42

Multiple Choice

If the value of a home falls below the amount owed on the mortgage for that property,the house is said to be ________.


A) underwater
B) collateralized
C) swamped
D) in short sale

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