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1.Explain why the value of an asset is its current market value and not what you paid for it?Why is it so important to have

1.Explain why the value of an asset is its current market value and not what you paid for it?Why is it so important to have my assets properly valued (what need might arise)?Explain why every individual needs some liquid assets.What is the problem if the amount is too low?What is the problem if the amount is too high?

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