A Spin-Off Is a New, Independent Company Created by Detaching

question 54

True/False

A spin-off is a new, independent company created by detaching part of a parent company's assets.

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Definitions:

Yen

The official currency of Japan, symbolized as ¥ and widely recognized in international financial markets.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.

British Pound

The currency of the United Kingdom, often symbolized as £ and known officially as the pound sterling.

Economic Boom

A period of significant economic growth, expansion, and prosperity.