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15.2 How households supply financial capital  (Page 31/43)

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  • Card 31 / 43:
    equity

    the monetary value a homeowner would have after selling the house and repaying any outstanding bank loans used to buy the house

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Practice FlashCards 13 Key Terms 20

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Source:  OpenStax, University of houston downtown: microeconomics. OpenStax CNX. May 28, 2014 Download for free at http://legacy.cnx.org/content/col11651/1.2
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