If a house is worth 600 000 its owner owes Candice Butts Macro Quest

Question 87 / 142: If a house is worth $600,000, its owner owes $400,000 on the mortgage, and the value of the house falls to $300,000, how much equity will the owner have?

A $100,000

B –$100,000

C $0

D $200,000

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Macroeconomics MCQ

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Candice Butts

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