Store Of Value

  

Categories: Econ

Money. A $20 bill. A pointer to a bearer bond. All are a store of wealth, or at least a small amount of it.

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Finance: What is Fair Market Value?3 Views

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Finance a la shmoop what is fair market value? double bubble toil and trouble [Man casting a curse]

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what is the fair price of this pile of rubble so this term revolves around the

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notion of fair like what is fair and by the way who told you the world was fair

00:22

anyway all right but financially fair or at least fair market means what the

00:28

market will fairly and legally pay for an asset that's fair and so that means [Man discussing financial fair]

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fair as in not cash from a Somalian warlords leather briefcase but rather

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fair as in the legitimate selling price of this excellent two-bedroom three-bath

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shoebox in Palo Alto selling for 3 million dollars today for something to

00:52

be "of fair market" the buyer has to be knowledgeable and

00:57

unpressured i.e the somalian warlord does not in fact have a gun aimed

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at the buyers head or any other body part and generally speaking [Gun aims at buyers body parts]

01:06

the market itself has to be a legitimate market like real estate or jewelry or

01:10

stocks or bonds or whatever if it's an illegitimate market well it's a probably

01:15

wondering why it was born out of wedlock so you can't do that

01:18

when you assess fair market value things have to be legal and liquid and well

01:23

fair whatever the market will pay for it that's the fair value [Hand dealing out cash]

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