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Jose and Julia were discussing the necessary components to achieve economic growth.Jose stated that the economy must include free markets,specialization and trade,and an ethical judicial system.Julia reminded Jose that another key component is
Formalities
Specific procedures or requirements that must be observed in legal transactions, such as contracts or the execution of a will.
Void
A term describing a contract or legal agreement that has no legal effect and cannot be enforced by law.
Bequest
In a will, a gift of personal property or money. Also called a legacy.
Personal Property
Refers to movable assets owned by individuals or businesses, excluding real estate.
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Q231: Open market operations are the<br>A)purchase or sale