In Which Form of Business Is a Single Individual Responsible

question 4

Multiple Choice

In which form of business is a single individual responsible for the repayment of any debts?

• A)Proprietorship.
• B)Corporation.
• C)Partnership.
• D)Family-run business.

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Definitions:

Monetary Policy

Monetary policy involves the management of a country's money supply and interest rates by its central bank to control inflation, unemployment, and economic growth.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves that banks must hold against deposits, influencing the bank's ability to lend.

Money Supply

The total amount of monetary assets available in an economy at any specific time, including cash, bank deposits, and other liquid assets.

Deposit Expansion Multiplier

A ratio that explains the total increase in deposits within the banking system generated from an initial deposit, based on the reserve requirement ratio.