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.
Economics