C. Stride

SET FOUR
1. Two paces or double step

a. Pace b. Pacing c. Stride d. Pace factor
2. Is always an angel less than 90 degrees measured from N to S (meridian) whichever
is nearest.
a. Azimuth b. Pacing c. Stride d. Bearing
3. Is always the clockwise horizontal angle between the time and a given meridian.
a. Azimuth b. Reference c. Stride d. Bearing
4. A map showing all the details that make up the surface features of the earth.
a. Lot plan b. Topographic map c. Vicinity map d. Subdivision map
5. Plan showing the boundaries, shape and distances of the property area (italic mine)
7. A map showing the general location of the property.
8. A map showing the general features and layout of a subdivision including block and
lots and open spaces.
9. The technical description in a transfer certificate of title into a plan showing the shape
and boundaries of the given lot.
a. Physical Oceanographic Surveys d. Topographic/Photogrammetric Surveys
b. Hydrographic Surveys e. Geodetic surveys
c. Land Classification Surveys f. Title Plotting
10. These involve the classification of the countries unclassified public forests into
alienable or disposable lands, as well as the evaluation of existing land classification
projects and the verification of land status.
11. Surveys conducted primarily to establish, densify, and maintain the Philippine
Geodetic Control (horizontal and vertical network).
12. Attachment includes land and anything attached to it, more or less permanent in nature.
a. i. Data gathered by the appraiser
ii. Experience and education of the appraiser
iii. Credibility of the appraiser
b. i. Building and other structures
ii. Machinery equipment
iii. Plants and trees
c. i. Real estate
ii. Real property
iii. Personal property
13. Properties subject for appraisal
a. i. Data gathered by the appraiser
ii. Experience and education of the appraiser
iii. Credibility of the appraiser
b. i. Building and other structures
ii. Machinery equipment
iii. Plants and trees
c. i. Real estate
ii. Real property
iii. Personal property
14. The purposes of Appraisal DOES NOT include
a. Sale or purchase or sale of real estate
b. Market rent or economic rent determination
c. Financing and credit
d. Market valuation and market sales
a. Corporate mergers, acquisitions, liquidations or bankruptcies
b. Partition of estate
c. Estate taxes
d. Eminent domain
a. Government valuation (local and national taxes)
b. For real property income
c. Highest and best-use analysis
d. Insurance
17. Determination of the horizontal and vertical positions of natural and man-made
features of the earth’s surface to be presented on a topographic map.
18. Studies or examination of the physical characteristics of . . . water such as salinity,
temperature, density, etc., and dynamics such as tides, currents and waves.
19. The following is a purpose of an appraisal
a. For VAT purposes
b. Value and Credit determination
c. Corporation asset
d. Valuation of land and development
20. A written instrument that creates a lien upon real estate offered as security for the loan.
a. Loan value b. Mortgage c. Maceda Law d. Grace period
21. The period during which one party may fail to perform without being considered in default.
a. Loan value b. Mortgage c. Maceda Law d. Grace period
22. Clause in mortgage that gives the borrower right to redeem property after default, usually
paying the full indebtedness and fees incurred.
a. Defeasance Clause b. Right of redemption c. Maceda Law d. Grace period
23. Right of owner to recover property within 3 months or before the court approve the sale in
judicial foreclosure.
a. Defeasance Clause b. Right of redemption c. Equity of Redemption d. Grace period
24. Provision in a promissory note or financing instruments which renders the remaining balance of
the loan immediately due and payable upon default in any stipulated instalment.
a. Defeasance Clause b. Acceleration Clause c. Equity of Redemption d. Grace period
25. The difference of contract price and loan value
a. Buyer’s equity b. Baloon payment c. Equity of Redemption d. Deficiency judgment
26. Provision in a blanket mortgage which releases property from the mortgage upon full payment
of its loan value.
a. Defeasance Clause b. Acceleration Clause c. Automatic Redemption Clause d. Grace
period
27. A type of mortgage loan which permits borrowing additional funds against the same collateral.
a. Defeasance Clause b. Open-end Mortgage c. Automatic Redemption Clause d. Mortgagee
28. Stipulation in the promissory note authorizing periodic increase of interest rate
a. Defeasance Clause c. Escalation Clause
b. b. Acceleration Clause d. Automatic Redemption Clause
29.A law that requires lenders to report or disclose the cost of credit in terms of the annual
percentage rate.
a. Maceda Law b. RA 6552 c. Lending Act d. Truth in lending act.
30. A court order stating that the borrower still owes money when the security for a loan does not
entirely satisfy a defaulted debt.
a. Maceda Law b. Balloon payment c. Deficiency Judgment d. Escalation clause
31. HDMF Law of 1980 (P.D. 1752) – This decree made PAG-IBIG mandatory and set a __ percent
contribution, but a maximum of P__ per month.
a. 3/90 b. 3/100 c. 5/200 d. 6/300
32. Under R.A. 7742 of June 17, 1994, employees earning below ____ are exempted.
a. P9,000 b. P8,000 P6,000 d. P4,000
33. Year HDMF was created under the Marcos government.
a. 1978 June 11 b. 1980 December 18 c. 1994 June 17 d. 1998 Feb 13
34. The June 17, 1994 amendment provided maximum contribution was set to P___.
a. 450 b. 300 c. 100 d. 200
35. First ever Housing Loan Condonation Act of 1998 was enacted in ____
a. June 11 b. December 18 c. June 17 d. Feb 13
36. HDMF Law of 2009 or “An Act Further Strengthening the HDMF and for Other Purposes
a. RA 9679 b. RA. 9769 c. RA 7742 d. RA 7724
37. Mandated Chairman of the board of trustees for HDMF law of 2009
a. Chairperson of NHA b. Chairperson of HUDCC c. Chairperson of DBM d. Chair of DTI
38. Regular members of HDMF
a. 4 b. 5 c. 6 d. 7
39. Under section Sec. 5 of HDMF Law of 2009, coverage of the fund shall not be mandatory for
a. Employees covered by SSS and GSIS and their employers
b. Uniformed members of AFP, BFP, BJMP, and the PNP
c. Overseas Filipino Workers (OFWs) & Filipino foreign based employers deployed locally
d. Non-working spouses of Pag-ibig members
40. The following is not considered HDMF short Term Loan
a. Savings b. Calamity Loan c. Multi-purpose Loan
41. Housing Loan includes purchase of fully developed residential lot not exceeding 1,000sqm.
a. TRUE B. FALSE
42. A person is said to be qualified for housing loan if he/she is a member under PAG-IBIG 1 for at
least one (1) year.
a. TRUE b. FALSE
43. Qualified are those not more than 65 years old at the date of loan application and must be
insurable; provided further that he us not more than 70 years old at loan maturity.
a. TRUE b. FALSE
44. The maximum amount allowed by HDMF for housing loan is P6 Million regardless of the
Borrower’s salary.
a. TRUE b. FALSE
45. Up to four borrowers can tack for one housing loan.
a. TRUE b. FALSE
46. PAg-ibig interest rate ranges from minimum of 4.5% to a maximum of 7%.
a. TRUE b. FALSE
47. Upon submission of the complete requirements for housing loan application to the pag-ibig
fund, a partial processing fee of P1,000 is required but refundable.
a. TRUE b. FALSE
48. For purchase of house and lot mortgage with pag-ibig, CGT & DST is paid to the BIR. The BIR
will issue a Certificate Authorizing Registration.
a. TRUE b. FALSE
49. Transfer of Tax is paid to the Local Government Unit (LGU). TRUE
50. PAG-IBIG FUND means- “Pagkakasama sa kinabukasan: IKAW, BANGKO, INDUSTRIYA at
GOBYERNO.
a. TRUE b. FALSE
51. A contract whereby one of the contracting parties obligates himself to transfer ownership of
and to deliver a determinate thing, and the other party to pay a price certain money or its equivalent.
a. Sale b. Consent c. Object d. Consideration
52. Meeting of the minds
53. Determinate subject matter
54.Price certain in money or its equivalent.
55. Who can enter into contract of sale
a. Emancipated minor c. Public Officials and Employees
b. All Persons with legal capacity d. Executors and Administrators
56. The following are people who have Absolute incapacity to sell and buy EXCEPT
a. The husband and wife c. Foreigners
b. Unemancipated minors, insane, demented d. Individual or corporation
The following persons cannot buy, even at public or judicial auction, either in person or
through another
57. with references to property of the state of tire estate or any of its
political subdivisions, the administration of which has been entrusted to them.
a. Justices, Judge, fiscal, Clerk of Court c. Public School Teacher and Lawyers
b. Foreign Nationals and Former Fil. Citizens d. Public Official and Employees
58. with reference to property entrusted to them for administration or sale, unless the consent of
the principal has been given.
a. Justices, Judge, fiscal, Clerk of Court c. Agents
59. With reference to property in litigation or levied in execution in the court within their
jurisdiction.
a. Justices, Judge, fiscal, Clerk of Court c. Agents
60. Under relative Incapacity to buy, Agents refer to
a. Guardians b. Parents c. Court of Law d. Officials
61. Under relative Incapacity to buy, Agents refer to
a. Parents b. Court of Law c. Executors & Administrators d. Officials
62. A conveyance of real estate in favour of a creditor in payment of the transferors’s obligation
of debt.
a. Antichresis b. Tacita Reconducta c. Dacion en Pago d. CTC
63. The following differentiates Sale from Dacion en Pago EXCEPT in the following cases:
a. There is no pre-existing obligation by the seller in favour of the buyer
b. Extinguishes an obligation to pay by assignor
c. Sales creates an obligation to pay by the assignor
d. There is more freedom in pricing
64. The husband and wife cannot sell property to each other except in the following cases
a. When separation of property was agreed upon in their marriage settlement executed before
the marriage in a public instrument.
b. When the spouses obtained a judicial separation of property during their marriage
c. A only
d. A and B
65. Dacion en Pago differentiate itself from Sale EXCEPT
a. The assignor has pre-existing Obligation to the assignee
b. There is less freedom in pricing
c. Creates an obligation to pay
d. Extinguishes an obligation to pay by the assignor
66. Foreigner cannot buy real estate in the Philippines except in the following cases:
a. When the purchase refers to a condominium unit not exceeding 40% interest in the project.
b. When the foreigner is a former natural born citizen, subject to die limitation prescribed by
BP 182 1nd R.A. 8179.
c. Before the 1935 Constitution through inheritance and Donation
67. In the absence of any agreement to the contrary, the vendor shall
a. Shoulder the expenses for the execution and registration of the deed of sale, attorney’s
fees, and DST are deemed included in the expenses
b. Broker’s commission, CGT, and DST
c. The CGT, DST, and Transfer
d. Transfer of title only
68. In case of double sale, the priority rights shall be governed by the following rules:
a. The buyer who acquired the property in good faith who first to register the sale shall have
a better right.
b. If the sale is lump sum, there shall be no increase nor decrease of the price
c. When there is no pre-existing agreement, conveyance of real estate is in favour to the seller.
69. In case of double sale, the priority rights shall be governed by the following rules:
a. If there is an existing obligation, the rules under Dacion en Pago shall prevail
b. If there is no registration, the buyer in good faith who is possession shall have better right
c. When the property is titled by DENR under homestead prescription, absolute ownership
thereof shall be awarded after full payment of the obligation .
70. In essence, it is a sale on installment with transfer of ownership, the balance of the price is
secured by a simultaneous mortgage on the same property executed by the buyer in favor of the
seller.
a. Sale with assumption of mortgage c. Sale with mortgage
b. Sale with temporary mortgage d. Sale with an absolute deed
71. It is a sale with transfer of ownership where property is covered by a pre-existing mortgage,
and buyer pays the seller stipulated amount and assumes the mortgage obligation
a. Sale with assumption of mortgage c. Sale with mortgage
b. Sale with temporary mortgage d. Sale with an absolute deed
72. When there is already transfer of ownership
a. Contract to sale with mortgage c. Contract of Sale
b. Dispositive clause or words of grant d. Contract of sale with temporary ownership
73. There is no transfer of ownership yet, but merely a mutual promise to buy and sell.
a. Contract to sale with mortgage c. Contract of Sale
b. Dispositive clause or words of grant d. Contract to Sell
74. When it states that the vendor hereby sells, transfer and conveys unto the vendee in a
manner absolute and irrevocable.
a. Contract to sale with mortgage c. Contract of Sale with temporary ownership
b. Dispositive clause or words of grant d. Contract to Sell
75. When the property regime governing the spouse is absolute separation of property
a. Marital consent is required c. Marital consent is not required/necessary
b. Marital consent is conditional d. Marital consent is necessary but with limitations
76. When the property regime governing the spouses is absolute community of property
77. When the property regime between the spouses is conjugal partnership and the property
was acquired by gratuitous title or with exclusive fund or property of the acquiring spouse.
78. When the property regime governing the spouses is conjugal partnership
79. When the property regime between the spouses is absolute community of property and the
property was acquired by gratuitous title or acquired before the marriage by a spouse who is survived
by legitimate descendants by a prior marriage.
70. R.A. 6552 or otherwise known as
a. MACEDA LAW b. RESA LAW c. Subdivision/Condominium Law d. Law on Social Housing
71. Right of the buyer who has paid two years or more of installments:
a. Refund is equivalent to fifty percent c. Refund is 100 percent
b. 60 day notarial notice of cancellation d. A grace period of 60 days
72. Right of buyer who has paid two years or more of instalments to pay, without additional
interest, an instalment due with the grace period which is equivalent to one month for every one year of
instalment payment provided that such right can only be availed of
a. Once every two years c. Once every five years
b. Once every three years d. Once every four years
73. Rights of a buyer who has paid less than two years of instalments of which the grace period
to pay without additional interest any installment due is fixed at
a. 30 days b. 60 days c. 75 days d. 90 days
74. For cancellation of contracts due to delinquency without right to receive the cash surrender
value of his payment, buyer is entitled to receive only a
a. 30-day notarial period b. 60-day notarial period c. 75-day notarial period d. 90 days
75. Under PD 957, refund of total payment entitlement less penalty interest plus interest at legal
rate is fixed at
a. 30 days b. 60 days c. 90 days d. 100 days
76. Right to refund applies when the developer failed to complete the development within the
required period.
a. Maceda Law b. PD 957 c. BP 220 d. RA 6552
77. Right to refund applies as a requisite for a cancellation of contract due to delinquency when
the buyer has paid two years.
a. Maceda Law b. PD 957 c. BP 220 d. RA 6552
78. A Sale where the vendor reserves the right to repurchase or redeem the property
a. Antichresis b. Legal Redemption c. Dacion en Pago d. Pacto De Retro
79. Under Conventional redemption, the redemption of which depends on the agreement of
parties which in no case shall be
a. 10 years b. 7 years c. 4 years d. 2 years
80. In the absence of stipulation, the period under conventional redemption is deemed to be
b. 10 years b. 7 years c. 4 years d. 2 years
81. The right granted by law to certain parties to repurchase or have preferential to buy, even
against the will of the seller or buyer.
c. Conventional b. Legal Redemption c. Dacion en Pago d. Pacto De Retro
82. The registered owner who has been the subject of foreclosure or tax sale may redeem the
property with the prescribed period
a. Foreclosure or Tax Delinquency Sale c. Land subject to Co-ownership
b. Land Subject to Urban Land Reform d. Rural Land
83. A kind of mortgage where the lien is created by mutual agreement of the mortgagor and the
mortgagee.
a. Legal b. Judicial c. Conventional/Voluntary d. Closed Mortgage
84. One where lien is created by operation of law wherein tire creditor is deemed to have a lien
on the property without the necessity of the parties stipulating it.
a. Legal b. Judicial c. Conventional/Voluntary d. Closed Mortgage
85. The following are characteristics of mortgage EXCEPT
a. It is a real right, indivisible c. It is an Accessory contract, inseparable
b. Mortgage must be registered d. Can secure all kinds of obligation
86. A stipulation which authorizes the mortgagee to appropriate the property as his own
automatically upon default of the mortgagor.
a. Pacto De Retro b. Dacion en Pago c. Pactum Comisorium d. Pactum de non Aliendo
87. A stipulation which prohibits the mortgagee from alienating or selling the property during the
term of the mortgage.
a. Pacto De Retro b. Dacion en Pago c. Pactum Comisorium d. Pactum de non Aliendo
88. A kind of foreclosure proceedings where sale is effected thru a sheriff or notary public without
judicial proceedings, subject only to tire required publication and postings of foreclosure notices.
a. Judicial b. Extra-judicial c. special proceeding
89. A contract whereby a person, for a consideration, gives to another the possession, use, and
enjoyment of a property for a period which may be fixed or not fixed.
a. Lease b. Leasehold c. Sub-leasehold d. Sandwich lease
90. Refers to the lease between the original lesee (sub-lessor) and the sub-lesee.
91. The right or interest of the sub-lesee
92. Right of the owner-lessor to receive the contract rent and reversion of the property at the end
of the lease.
a. Lease Fee Estate b. Leasehold c. Sub-leasehold d. Sandwich lease
93. The lease period if the lesee is a Filipino citizen (Civil Code).
a. 99 b. 25 c. 50 d. 75
94. A period If lesee is a foreign investor and for investment only
a. 99 b. 25 renewable with another 25 c. 50 renewable with another 25 d. 75
95.If lesee is a foreigner but not investor
a. 99 b. 25 renewable with another 25 c. 50 renewable with another 25 d. 75
96. When the title is in the name of Juan married to Maria or vice versa,
97. R.A. 6652 is applied only to EXCEPT
a. Installment covered by contract to sell c. Financing of Residential real estate
b. Sale of Residential real estate d. Industrial, Commercial, Sales to Tenants
98. Obtaining a license to sell the project is within
a. 3 weeks from registration b. 2 weeks from registration c. 4 weeks from registration
99. It serves to guarantee construction and maintenance of the roads, gutter, drainage, sewerage,
water system, lighting system, and full development of the project.
a. Construction bond b. Surety bond c. Performance bond d. Cash bond
100. The amount of rent which is stipulated in the contract
a. Remaining economic life b. Contract rent c. Economic rent d. Effective gross income
101. All are SALES CONCERNS as per PD 957 EXCEPT
a. Dealers, brokers and salespersons shall register to the authority
b. All contracts to sell, deeds of sale. . .shall be registered by the seller in the Office of RD.
c. No mortgage shall be made without prior approval of the authority
d. Titles shall be delivered even buyers are not fully paid
102. Rule I of the IRR of PD 957 for Subd. stipulates that Preliminary Development Permits is valid
a. For 120 days b. for 180 days c. 240 days d. 365 days/1year
103. Rule I of the IRR of PD 957 for Subd. stipulates that Final Development Permits is valid for
a. 1 year/365 days b. 120 days c. 180 days d. 240 days
104. Rule IV – Registration of Real Estate Dealers and Brokers, require a cash bond in the amount of
a. P5,000/P1,000 for Salesmen b.P10k/P1k for Salesmen c.P15k/P1k for salesmen
105. The following is not inclusive of the general provisions of PD 957
a. Sire Criteria b. Design Planning Considerations c. Design Parameter d. Dev’t Plan
106. Land Allocation: Usable versus open spaces
a. 80/20 b. 75/25 c. 70/30 d. 60/40
107. Minimum lot area allocation for single attached, duplex, and row house respectively
a. 100/80/50sqm b. 100/75/50sqm c. 100/90/60sqm d. 100/80/60sqm
108. Maximum block length shall be
a. 400m b. 300m c. 200m d.150m
109. Major subdivision road size
a. 10m b.18m c. 12m d. 16
110. Minor subdivision road size
a. 10m b.18m c. 12m d. 16
111. Additional 1% added to the basic realty tax and is allocated for use by school boards.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Special Education Fund Tax
112. Real estate is a spark plug of activities.
a. Economic b. Governmental & Legal c. Physical and environment d. Social
113. Owner or user or those who own and use the property
a.Producers b. Developers c. Consumers d.Distributors
114. Any man-made instrument that increases production of goods. e.g. machineries, tools, etc.
a.Labor b. Capital c.Land and Natural Resources d. Entrepreneurship
115. The type of property must have some degree of rareness.
a.Demand b.Utility c.Transferability d. Scarcity
116. For Real Property Tax, rates of levy for provinces based on the assessed value of the property
a. 1/2% b. 1% c. 2% d. 5%
117. For Real Property Tax, rates of levy w/n Metro Manila not exceeding__ the assessed value of
the property.
a. 1/2% b. 1% c. 2% d. 5%
118. Additional Ad Valorem Tax on Idle Lands not exceeding __ of the assessed value.
a. 1/2% b. 1% c. 2% d. 5%
119. The following is not exempted from Real Property Tax.
a. Property owned by government c. charitable institutions
b. Foundations d. Machineries used for water supply and electric power
120. Real estate passes through a cycle of growth, stability, decline, and renewal
a.Change b. Substitution c. Anticipation d.Competition
121. Area preference influences values of properties.
a. Economic b. Governmental & Legal c. Physical and environment d. Social
122. Example of this is when the value of property is adversely affected if there is an under-
improvement or over-improvement of the lot.
a.Progression b. Regression c. Conformity d. Contribution
123. Land tend to be at its highest value when the four factors of production are in balance.
a.Surplus Productivity b. Balance c. Progression d. Distribution
124. Maximum value of property is equal to tire cost of purchasing or constructing an equally
desirable property.
a.Utility b. Anticipation c. Demand d. Substitution
125. The price a property may be sold by a seller who is not compelled to sell and bought by a
buyer who is not compelled to buy.
a. Life b. Fair Market Value c. Reassessment d. Assessed Value e. Depreciated Value
126. A valuable addition made to a property or an amelioration in its condition
a. Assessment b. Appraisal c. Machinery d. Assessed Value e. Improvement
127. Eminent Domain, reclassification of land, local taxation . . .
a. Levy b. Remaining Value c. LGU powers d. Assessed Value e. Depreciated Value
128. Assigning of new assessed values to property.
a. Assessment b. Reassessment c. Remaining Value d. Assessed Value e. Depreciated Value
129. States that land cannot be valued on the basis of one use while the improvements are valued
on the basis of one another.
a. Consistent use b. Externalities c. Anticipation d. Plottage
130. Branch of social science that studies the production, consumption and distribution of goods
and services.
a.Economics b. Economy c. Economic system d. Study of Economy
131. A structure or plan that a country follows in terms of producing, distributing and consuming
its goods and services.
a.Economics b. Economy c. Economic system d. Study of Economy
132. A system where consumers and their purchase power decide & drive the economy.
a.Economics b. Economy c. Traditional d. Market/Capitalism
133. A levy on real property as fixed proportion of the value of the property.
a. Assessment b. Appraisal c. Ad Valorem d. Assessed Value e. Depreciated Value
134. Percentage applied to FMV to determine taxable value of the property
a. Assessment b. Appraisal c. Assessment Level d. Assessed Value e. Depreciated Value
135. Determining the value of property as of a specific date for s specific purpose
136. The FMV multiplied by assessment level; taxable values.
137. Determining the value of a property, or proportion thereof subject to tax, including the
discovery, listing, classification and appraisal.
138. By combining or consolidating adjacent lots into one larger lot, the resulting land value will be
higher than the sum of the value of the separate lots.
a. Externalities b.Competition c. Anticipation d. Plottage
139. The value of an improvement is equal to its contribution to the added value of the property.
a. Externalities b.Competition c. Anticipation d. Contribution
140. Both the private and the government sector perform equally important roles in the economic
decision-making of the country.
141. Process of foreclosure on real property after due notice and sale at public auction
a. levy b. Reassessment c. Remaining Value d. Levy on Real Property e. Depreciated
Value
142. Large-scale surveys initiated by government in order to locate and define boundaries of large
tracts of lands for the purpose of classifying them as to alienable and disposable or for
reservation as public domain.
a. Topographic Surveys b. Hydrographic surveys c. Cadastral Surveys d. Subdivision surveys
143. Typical in underdeveloped countries, where agriculture is their main subsistence
a.Economics b. Command/Socialism c. Economic system d. Traditional
144. The value of a better properties will be lessened by the presence of poorer properties or non-
conforming uses of the adjoining lots.
a. Externalities b.Competition c. Regression d. Progression
145. Also known as the privilege tax. The receipt is called the PTR and PTR number is usually
indicated when signing documents.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Basic Realty Ta
146. A tax paid whenever a property is sold. This is required before sale can be recorded and title
transferred to the new owner at the Register of Deeds.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Basic Realty Ta
147. Tax paid annually by all property owners.
a. Idle land tax b. Annual Professional Tax c. Transfer Tax d. Basic Realty Tax
148. Example: while the goods and services are produced by the private entities, the government
intervenes through price regulation.
a. Command/Socialism b. Traditional c. Mixed/Modern Mixed d. Economic system
149.National and state governments play a minor role; they make sure that the market is stable
enough to carry out its economic activities properly.
a. Market/Capitalism b. Command/Socialism c. Economic system d. Traditional
150. Any structure, institution or system whereby buyers and sellers meet and exchange goods and
services with value at negotiated prices.
a.Market Structure b.Market Economy c. Market d. Market System

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SET FOUR

1. Two paces or double step

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