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Match the Input Level with Its Definition (Level 1, Level

Question 17

Multiple Choice

Match the input level with its definition (Level 1, Level 2, or Level 3) .
-level 2


A) Unadjusted quoted prices in active markets for identical assets or liabilities
B) Inputs other than quoted prices that are either directly or indirectly observable for the assets or liabilities
C) Unobservable inputs for the asset or liability

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