Which term denotes the ease with which ownership of a commodity may be transferred?

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Multiple Choice

Which term denotes the ease with which ownership of a commodity may be transferred?

Explanation:
Transferability is the term that captures how easily ownership of a commodity can be passed from one person to another. This quality directly affects liquidity: when title transfer is simple and inexpensive, the asset can be bought and sold quickly. Cash and widely traded securities have high transferability, while assets that require complex paperwork, inspections, or regulatory steps have lower transferability and are harder to exchange. The other options describe how much people want the asset (demand), how useful it is (utility), or the price at which it trades (market price), but none measure how easily ownership rights can be transferred.

Transferability is the term that captures how easily ownership of a commodity can be passed from one person to another. This quality directly affects liquidity: when title transfer is simple and inexpensive, the asset can be bought and sold quickly. Cash and widely traded securities have high transferability, while assets that require complex paperwork, inspections, or regulatory steps have lower transferability and are harder to exchange. The other options describe how much people want the asset (demand), how useful it is (utility), or the price at which it trades (market price), but none measure how easily ownership rights can be transferred.

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