In What Way Does Marriage Work Like a General Business

question 40

Multiple Choice

In what way does marriage work like a general business partnership?

• A)Each spouse is responsible only for his or her debts and actions.
• B)Both spouses are responsible for their children and assets.
• C)Each spouse is responsible for the debts and actions of the other spouse.
• D)One spouse controls the marriage and makes all decisions.

Learn about the similarities and differences between the human brain and a computer.

Identify the five basic properties of language.

Distinguish between inductive and deductive reasoning.

Understand the process involved in problem-solving.

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Definitions:

Demand Deposits

Bank accounts that allow the holder to withdraw funds without advance notice, such as checking accounts.

Required Reserves

The minimum amount of funds that a bank must hold in reserve against specified deposit liabilities, as dictated by the central bank's regulations.

Primary Reserves

Liquid assets held by financial institutions to meet regulatory requirements and immediate liquidity needs.

Secondary Reserves

Assets that are easily convertible into cash but are not held in the form of cash itself, serving as a backup for primary reserves in financial institutions.