Question $4(1$ point$)$

All of the following are true about Property Effect No$.1$: Fixing the Economic Potential of Assets EXCEPT

In the West it is more difficult to use property as collateral than in other parts of the world.

Formal property representation $($proof of ownership in writing$)$ is something separate from the asset itself.

Formal property representation $($proof of ownership in writing$)$ functions as the means to secure the interests of other parties.

Capital is born by documenting ownership in writing.