Disadvantages of Owning Diamonds Include All of the Following EXCEPT

question 25

Multiple Choice

Disadvantages of owning diamonds include all of the following EXCEPT:

• A)they are very expensive to store and insure.
• B)there are usually high dealer mark ups.
• C)they are lightweight and easily transported.
• D)there is a lack of liquidity.

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Definitions:

Equity Provision

A clause in an agreement that allows for adjustment based on the equity value of an entity or asset.

Contract Terms

The specific provisions, conditions, and stipulations that define the agreement and obligations between parties in a contract.

Subject to the Equities

A condition indicating that rights or claims are governed by or contingent upon the principles of equity or fairness in a legal context.

Caveat Emptor

A Latin term meaning "let the buyer beware," advocating that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made.