Certified Valuation Analyst (CVA) Practice Exam

What is the accuracy of the statement that the green book contains economic information from key professionals?

1. True

2. False

3. Partially true

4. Not applicable

The correct answer is: False

The statement regarding the green book contains economic information from key professionals is best understood by considering what the green book typically includes. In valuation and economic contexts, the green book often refers to a comprehensive resource that compiles essential data, methodologies, and resources related to economic analysis. In this case, characterizing the statement as false suggests that the green book does not include economic information from key professionals, which aligns with an understanding that such publications may focus more on guidelines and frameworks rather than specific insights or contributions from recognized professionals in the field. The nature of the green book could mean that it serves as more of a tool or reference guide, offering methodological approaches and standard concepts in valuation rather than detailing personal insights or analyses contributed by individual professionals. Therefore, recognizing the absence of direct economic insights from established professionals validates the classification of the statement as false. An understanding of what the green book consists of and its intended purpose supports this interpretation, ensuring clarity on the distinction between guidance materials and professional expert contributions.