What is the significance of the age of majority in relation to legal contracts? a. People below the age of majority can directly enter into lawful contracts. b. Mentally incompetent persons need to achieve the age of majority in order to enter into a legal contract. c. It is the age above which people of capacity can enter into a legal contract. d. Minors who have entered the age of majority require his or her parents or guardian's consent to enter into a legal contract with adults.

Question 18 multiple choice worth 3 points) (american money lo 4 hc) suppose the federal reserve raises interest rates. which of the following predicts the most likely results? the money supply will decrease, meaning that banks will give fewer loans and prices for goods and services will fall. the money supply will decrease, meaning that more people will buy goods and services and prices will rise, the money supply will increase, meaning that banks will give more loans and more businesses can open and hire workers. the money supply will increase, meaning that prices will rise and businesses will not hire many workers. i will mark the brainliest