A taxpayer is in a 25% tax bracket and itemizes deductions. He obtains a mortgage from a bank at 4% interest. The actual rate of interest he pays is (after the deduction form income tax):

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

The correct answer is "c. a limited partnership without a general power".

"undercapitalization"  is best described as the lack of funds to operate a business normally.