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Suppose that more British decide to vacation in the U.S.and that the British purchase more U.S.Treasury bonds.Ignoring how payments are made for these purchases,
Professional Corporations
A type of corporation for professionals (such as lawyers, doctors, and accountants) that offers certain tax and legal advantages.
Public Corporations
Entities established by a government to undertake commercial activities on behalf of the government.
Nonprofit Corporations
are legal entities organized for purposes other than generating profit, where surplus revenues are reinvested in the entity's mission rather than distributed to shareholders.
Articles of Incorporation
The document filed with a governmental body to legally document the creation of a corporation, outlining its structure, purpose, and regulations.
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