Why does the payments system continue to change over time?
What will be an ideal response?
New forms of payments are introduced that increase the efficiency of the payments system by reducing transactions costs.
Economics
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Which of the following is true of a progressive tax system?
A) High income households pay a higher percentage of their income as taxes. B) Low income households pay a higher percentage of their income as taxes. C) All households pay the same amount of taxes irrespective of their income. D) All households pay the same percentage of their income as taxes.
Economics
Direct foreign investment items have more liquidity than foreign portfolio investment items
Indicate whether the statement is true or false
Economics