Which of the Following Statements About Companies Is Not Correct

question 22

Multiple Choice

Which of the following statements about companies is not correct?

• A)A company is a separate legal entity from its owners.
• B)A company can own property.
• C)When a limited liability company is unable to pay its debts, the owners must pay them.
• D)A company is established by registration.

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Definitions:

Money Supply

The total quantity of money available in an economy at a specific time, including currency and various types of bank deposits.

Open Market Purchases

The buying of government securities by a central bank to inject money into the economy.

Fed's Control

The range of monetary policy tools and measures the Federal Reserve (the central bank of the United States) uses to control the supply of money, aiming to influence economic conditions, particularly inflation and unemployment rates.

Money Supply

Pertains to the aggregate sum of funds—including cash, coins, and bank account balances—present within an economy at a given moment.