This chapter self test is required by the Online School prior to taking the final Pre License Exam. A score of 13 correct of 25 possible is needed. The power of a good or service to command other goods or services in exchange is A. value. B. economic perfection.
Market price is the A. true market value.
B. price at public sale. C. price asked for the property on an open market. D. amount, in terms of money, paid for the property. The value which represents the price that a property will bring if it is sold after being offered for a reasonable period of time, and the sale is completed between knowledgeable buyers and sellers, neither acting under duress, is the A. present value C. market value. B. current clause.