________ value is used to describe the price of an asset, assuming that a willing buyer and willing seller can come to terms under normal market conditions.

Question

Quizplus · Accepted Answer

Market value is the price of an asset that would be agreed upon in a transaction between a willing buyer and a willing seller under normal market conditions. This value is based on current market trends and is subject to change over time. Book value refers to the value of an asset according to its balance sheet, while liquidation value is the amount that could be obtained if an asset was sold quickly in a forced sale. Investment value refers to the specific value of an asset to a particular investor based on their individual investment strategy and goals.

________ Value Is Used to Describe the Price of an Asset