__________ Refers to Communities That Are Small and Relatively Homogeneous

question 20

Multiple Choice

__________ refers to communities that are small and relatively homogeneous.

• A) Gesellschaft
• B) Gemeinschaft
• C) Organic solidarity
• D) Quasi-urban

Identify how the partners' drawing accounts are recorded, treated, and closed in partnership accounting.

Analyze the impact of various partnership transactions on the partnership’s financial statements, including the balance sheet and owners' equity statement.

Learn the distinctions between partnership accounting and other forms of business organization with respect to income allocation, capital accounts, and drawing accounts.

Understand the distinctive characteristics and mechanisms of different economic systems including capitalism, socialism, and communism.

---

Definitions:

Excess Reserves

The reserves that banks hold over and above the regulatory requirements set by the central bank or banking regulator.

Excess Reserves

Banking reserves exceeding the reserve requirement set by a central bank, not lent out to the bank's clients.

Interest Rate

The fee, shown as a percent of the original amount, that a borrower must pay to a lender to borrow money or other resources.

Sub-prime Housing Loan

A type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans, often due to a poor credit history.