11. money put at risk over time
money is time
savers and borrowers
(1+r)n
insurance
limited liability corporations
double entry accounting
Financial Capital
15. S&P 500
Weighted by size
Better indicator
NASDAQ
3,000+ Stocks
smaller and
high tech
National Association of Securities
Dealers Automated Quotations
22. Partnership
two or more owners
easy to create
combine talents
all are liable
disagreements
ends with death
23. Corporation
one to many owners
limited liability
raise financial capital
does not die with shareholders
harder to create
more regulation
double taxation