Private Law Is Concerned with the Relationships Between Persons Within

question 43

Multiple Choice

Private law is concerned with the relationships between persons within the community.Which of the following types of law do not fall within this category?

• A)Tort law and property law
• B)Commercial law and employment law
• C)Company law and partnership law
• D)Criminal law and taxation law

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Definitions:

Federal Funds

Reserve balances that commercial banks hold at the Federal Reserve, which can be lent to other banks overnight to meet reserve requirements, influencing the federal funds rate.

Short-Term Basis

A period or timeframe that typically covers the near future, often less than a year, used for planning and decision making.

Banks

Financial institutions that accept deposits from the public, create credit, and provide loans, among other financial services.

Lender Of Last Resort

The role typically assumed by a central bank to provide funds to financial institutions in distress, to prevent systemic failures.