For the Purposes of Determining the Fair Value of an Asset

Multiple Choice

For the purposes of determining the fair value of an asset in an active market,an active market is defined in AASB 138 Intangibles,as one that has all of the following conditions:
I II III IV
The items traded in the market are homogeneous Yes Yes No Yes
Willing buyers and sellers can normally be found No Yes No Yes
Prices are available to the public Yes No Yes Yes

A) I
B) II
C) III
D) IV.