In the Community of Borg, the Market Value of a Home

question 71

Multiple Choice

In the community of Borg, the market value of a home is $080,000. If the assessment rate is 45%, the assessed value is:

• A) $542,857
• B) $292,308
• C) $85,500
• D) $85,505
• E) None of these

---

Definitions:

Brazilian Real

The official currency of Brazil, symbolized as R$ and subdivided into 100 centavos.

U.S. Currency

The system of money in general use in the United States, primarily consisting of dollars and cents.

U.S. Dollar

The official currency of the United States, used as a standard measure of value and a medium of exchange.

Mexican Peso

The official currency of Mexico, used in all financial transactions within the country.