Institution that is established to benefit society and is operated like a business:

a. trade association
b. nonprofit organization
c. producer cooperative
d. limited partnership

Ans: b. nonprofit organization

Economics

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The term "capital formation" actually implies adding new equipment to a nation's factories

a. True b. False Indicate whether the statement is true or false

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The Fed can reduce the money supply by reducing

A. the monetary base. B. the discount rate. C. the currency-deposit ratio. D. reserve requirements.

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