Bureau of Economic and Business Affairs
Business Organization
By agreement of two or more persons
Corporation
Creation
Credit extended to (debt owed by)
Difficult to raise capital
Easiest type of business organization to establish
Federal Reserve
For Profit Corporation
Functions
General Partnership
General Partnership
Key Attributes
Key Attributes
Liability
Limited Partnership
M1
M2
M3
Monetary Policy
Negotiates agreements with foreign governments
Nonprofit Corporation
Partners may pool their resources and talents
Partnership
Points to Consider
Points to Consider
Professional Corporation
Reserve Market
Sole Proprietorship
Sole Proprietorship
State Part in National Economy
Structural features that make the Fed independent
Supply if Reserves
The content of monetary and credit aggregates
The forms in which depository institutions hold required reserves
The main goal of monetary policy
The owners has unlimited liability
The ways in which the depository institutions hold required reserves