Question: Level 1 inputs are the lowest - quality inputs but provide the best - quality fair value. are used when level 3 inputs are not

Level 1 inputs
are the lowest-quality inputs but provide the best-quality fair value. are used when level 3 inputs are not available.
are more objective.
are generally not observable in various markets.
Level 1 inputs are the lowest-quality inputs but provide the best-quality

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