Which statement about Property Effect No$.1$: Fixing the Economic Potential of Assets is TRUE?

In the United States, using an asset as collateral does not require a formal property representation $($proof of ownership in writing$).$

Formal property representation $($proof of ownership in writing$)$ makes it more difficult to buy and sell assets.

Formal property representation $($proof of ownership in writing$)$ is the same thing as the asset itself.

Capital is born by documenting ownership in writing.