What is the relationship between total taxes and net taxes?
a. total taxes = net taxes ? transfer payments
b. net taxes = total taxes + local taxes
c. net taxes = transfer payments / total taxes
d. total taxes = net taxes - transfer payments
e. total taxes = net taxes + transfer payments
E
Economics
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When the European System of Central Banks uses main refinancing operations, it is similar to the Federal Reserve using
A) dynamic open market operations. B) defensive open market operations. C) discount policy. D) reserve requirements.
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Exchange rates are determined in
A) the money market. B) the foreign exchange market. C) the stock market. D) the capital market.
Economics