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66) A local bank was recently taken over by the FDIC due to a large...

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Accounting

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66) A local bank was recently taken over by the FDIC due to a large number of recent foreclosures and under-performing loans. Properties that were real estate owned by the bank (REO) were priced below market values to force a quick sale based on a 30 day marketing period in a market that generally sees 180-day marketing times. What influence on value is illustrated when already-depressed real estate values start to drop in response? A) Geographic B) Governmental C) Social D) Economic

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