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    Question

    Ad valorem means_____________

    A According to the value Correct Answer Incorrect Answer
    B According to the use Correct Answer Incorrect Answer
    C According to the nature Correct Answer Incorrect Answer
    D According to the need Correct Answer Incorrect Answer
    E According to parties Correct Answer Incorrect Answer

    Solution

    A Latin term which means according to the value and is related to the method of levying duties i.e., tax on a transaction/property, payable proportionally on the value of the transaction or property, rather than on its quantity.

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