|
|
LEGAL TYPES: The three primary types of legal firm organizations are: (1) proprietorship, (2) partnership, and (3) corporation. One primary difference between these three legal types are number of owners -- proprietorship has one, partnership has two or more (but usually a small number), and corporation can have anywhere from one or to millions. A second difference is the liability of the owners -- proprietorship and partnership owners have unlimited liability and corporation owners have limited liability. Three newer firm types include (1) limited partnership, (2) S corporation, and (3) limited liability company. Each of these three are hybrids, with characteristics of proprietorship, partnership, corporation.
Visit the GLOSS*arama
|
|
|
|
|
Lesson 19: Money Creation | Unit 4: The Multiplier
|
Page: 18 of 23
|
|
Topic:
The Money Multiplier
|
|
|
Checkable deposits are only part of the money supply.- Looking only at checkable deposits, a $100 deposit gives us $1,000 with a deposit multiplier of 10.
However:- Money, in total, doesn’t expand by $1,000.
- First: Banks might keep a few excess reserves, which limits deposit and money creation.
- Second: Loans might leak out of checkable deposits and into savings deposits, which limits money creation.
- Third: Loans might leak out of checkable deposits and into cash, which limits reserves and money creation.
Note:- The Federal Reserve uses a complex money multiplier to control the amount of money circulating in the economy.
|
|
|
|
|
|
|
AVERAGE REVENUE CURVE, MONOPOLISTIC COMPETITION A curve that graphically represents the relation between average revenue received by a monopolistically competitive firm for selling its output and the quantity of output sold. Because average revenue is essentially the price of a good, the average revenue curve is also the demand curve for a monopolistically competitive firm's output.
Complete Entry | Visit the WEB*pedia |
|
|
|
John Maynard Keynes was born the same year Karl Marx died.
|
|
|
"We succeed in enterprises (that) demand the positive qualities we possess, but we excel in those (that) can also make use of our defects." -- Alexis de Tocqueville, Statesman
|
|
WIPO
World Intellectual Property Organization
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
