In the early days of the new monetary system,stockholders were more willing to invest in corporations because of ________,which limits their financial responsibility to whatever they invested in the company.

Question

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Limited liability means that investors' financial responsibility is limited to the amount they have invested in the company. This feature of the new monetary system made stockholders more willing to invest in corporations as it protected their personal assets from potentially losing more than their initial investment. Choices A, C, and D are not related to the concept of limited liability in the context of the monetary system.

In the Early Days of the New Monetary System,stockholders Were