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Which of the following represents a collateral shock? A.John obtains a mortgage to buy a home for $350,000 with no money down.B.Jack sells his house

Which of the following represents a collateral shock?
A.John obtains a mortgage to buy a home for $350,000 with no money down.B.Jack sells his house for $650,000 but is short $50,000 to pay off his mortgage.C.James sells his house for $200,000 and has $20,000 left over after paying off the mortgage.D.Jeff buys a house for $150,000 in cash.

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