Which of the Following Would Lack the Capacity to Become

question 62

Multiple Choice

Which of the following would lack the capacity to become a partner?

• A) A trust.
• B) An adjudicated incompetent.
• C) A corporation.
• D) All of these lack capacity to become a partner.

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Definitions:

Treasury Bill

Short-term government securities issued at a discount from the face value and maturing at par.

Yield Curve

A line that plots the interest rates, at a set point in time, of bonds having equal credit quality but differing maturity dates.

Normal Yield Curve

A graphical representation that shows interest rates on bonds of different maturities tend to increase the longer the term to maturity, under normal market conditions.

Expected Inflation

The anticipated rate at which the general level of prices for goods and services will rise over a period.