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Which Two Economic Concepts Are Fundamental to the Relevance of Fair

Question 13

Multiple Choice

Which two economic concepts are fundamental to the relevance of fair values to accounting?
i) The Efficient Markets Hypothesis
Ii) Supply and Demand
Iii) Economic Rationalism
Iv) Marginal Utility


A) i.& iii.
B) i.& ii.
C) ii.& iv.
D) iii.& iv.

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