A major advantage of the corporation is
a. limited taxes.
b. preferential treatment by state governments.
c. limited liability of individual owners.
d. limited numbers of owners and ease of decision making.
c
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The formula of the equation of exchange is
A) MS = VPY. B) MSV = PY. C) MS/P = Y. D) MS = Y.
Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 20 percent, an initial deposit of $6,000 will lead to a total increase in deposits of
A) $12,000. B) $24,000. C) $30,000. D) $36,000.
A ________ demand curve for shampoo would be caused by a change in the price of shampoo
A) positively sloped B) leftward shift of the C) rightward shift of the D) movement along the
Government revenue generated by the issue of currency is known as ________
A) monetizing the debt B) triage C) seignorage D) hyperinflation