What is Market Value? - Definition & Overview


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question 1 of 3

Which of the following is the best explanation of market value?

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1. What does market value require?

2. Which of the following is not a requirement to have a sale at fair value?

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About This Quiz & Worksheet

This quiz and worksheet can help you assess your knowledge of market value and how it is calculated. To pass the quiz, you will need to know how market value is determined.

Quiz & Worksheet Goals

This quiz and worksheet can help you assess your knowledge of:

  • When a buyer and seller are willing
  • Requirements for having a sale at fair value
  • How a buyer and seller determine market value
  • Requirements of market value

Skills Practiced

This quiz and worksheet can be used to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related market value lesson
  • Critical thinking - apply relevant concepts to examine information about fair value in a different light
  • Knowledge application - use your knowledge to answer questions about the requirements for market value

Additional Learning

To learn more about market value, review the lesson on What is Market Value? - Definition & Overview. This lesson covers the following topics:

  • Definition of market value
  • Differences between market value and market price
  • Requirements for market value
  • Fair market conditions