The possible responses to the question "How many people in your household are unemployed currently?" result in
A) a nominal scale variable. B) an ordinal scale variable.
C) an interval scale variable. D) a ratio scale variable.
D
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Steve and Kay Briar, U.S. citizens, were married for the entire 2017 calendar year. In 2017, Steve gave a $34,000 cash gift to his sister. The Briars made no other gifts in 2017. They each signed a timely election to treat the $34,000 gift as made one-half by each spouse. Disregarding the applicable credit amount and estate tax consequences, what amount of the 2017 gift is taxable to the Briars?
A. $34,000 B. $28,000 C. $6,000 D. $0
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What is a danger in using only short term borrowing?
A) Higher rates than long term borrowing B) Lower fee per loan C) Cost of borrowing can increase D) Less flexibility
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