Examlex
What is a managed floating exchange rate? What year did the United States begin using the managed-float system?
Accounting Equation
The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owners' Equity, depicting a company's financial position at a specific point in time.
Bank
A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.
Limited Liability Company
A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
Partnership
An authorized business structure where two or more partners manage and share in the profits.
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