A proportional tax is a tax for which people with lower incomes
A) pay a lower percentage of their incomes in tax than do people with higher incomes.
B) pay the same percentage of their incomes in tax as do people with higher incomes.
C) pay the same amount of taxes as people with higher incomes pay.
D) pay a higher percentage of their incomes in tax than do people with higher incomes.
B
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If you borrow $5,000 from your bank to purchase shares of Twitter from your cousin Vinny, this is an example of obtaining ________ financing and purchasing the stock in a ________ market
A) direct; primary B) indirect; secondary C) direct; secondary D) indirect; primary
Lowering the discount rate will
A) increase reserves, encourage banks to make more loans, and increase the money supply. B) decrease reserves, encourage banks to make fewer loans, and increase the money supply. C) decrease reserves, encourage banks to make fewer loans, and decrease the money supply. D) increase reserves, encourage banks to make more loans, and decrease the money supply.