Basic Appraisal Principles Questions and Answers 100% pass | graded A+

market area - The geographic region from which a majority of demand comes and which the majority of the competition is located" is the definition of... bounds - The distances that a boundary runs at a prescribed angle is called (less specific but identifiable lines that follow a feature like a river, road, or building) metes - the boundary defined by the measurement of each straight run, specified by a distance between 2 points. The Federal Reserve - Who can influence the level of economic activity by regulating the availability of money and the interest rate? Which of the following is not a characteristic of land? mobility, unique location, durability, finite supply? - mobility Supply and demand move in a(n) ____________ relationship. - inverse (opposites)