A partnership is limited to how many owners?
A) 2 B) 5
C) less than 10 D) There is no limit to the number of owners.
D
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A futures contract is
A) an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date at a currently agreed-upon price. B) an agreement that specifies the delivery of a commodity or financial instrument at an agreed-upon future date, with the price to be negotiated at the time of delivery. C) an agreement that specifies the delivery of a commodity or financial instrument at a currently agreed-upon price, with date of delivery to be negotiated subsequently. D) an agreement that specifies the delivery of a commodity or financial instrument, with the price and date of delivery to be negotiated subsequently.
Banks, savings and loans associations, and credit unions that are able to loan out some fraction of their deposits are
a. examples of financial intermediaries b. all required to be FDIC members c. always the most risky investors d. part of the Federal Reserve System e. disallowed from charging interest on their deposits but can charge interest on their loans