Market Prices Are

question 45

Multiple Choice

Market prices are

• A) conveyors of information.
• B) determined by the interactions of supply and demand in voluntary exchange.
• C) indicators of the relative scarcity of resources and products.
• D) all of the above.

---

Definitions:

Subsequent Transferees

Individuals or entities that receive property rights or interests from previous holders through a legal process of transfer.

Authentic

Genuine, original, and not a copy or imitation; true and accurate.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Personal Defense

A defense that can be used to avoid payment to an ordinary holder of a negotiable instrument but not a holder in due course (HDC) or a holder with the rights of an HDC. Personal defenses are also called limited defenses.