Which Type of Business Is the Easiest to Form

question 22

Multiple Choice

Which type of business is the easiest to form?

• A)Limited partnership
• B)Limited liability company
• C)General partnership
• D)Corporation
• E)Sole proprietorship

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Definitions:

Discount Rate

The interest rate charged by central banks for short-term loans to commercial banks.

Chinese Government

The political leadership and governing bodies of the People's Republic of China, comprising the Communist Party, the state institutions, and the military.

Liquidity Trap

At very low interest rates, said John Maynard Keynes, people will neither lend out their money nor put it in the bank, but will simply hold it.

Liquidity Trap

A situation in which interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.