Which of the following is a payroll tax?
A. The federal income tax.
B. The corporate income tax.
C. A sales tax.
D. The Social Security tax.
Answer: D
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An increase in the nominal interest rate
A) shifts the demand for money curve rightward. B) shifts the demand for money curve leftward. C) leads to an upward movement along the demand for money curve. D) leads to a downward movement along the demand for money curve.
With ATMs, it is possible to retrieve cash from the bank at any time. One hundred years ago, one could only get cash from the bank during business hours, say, 9 am to 3 pm. The present availability of 24-hour service has arisen because:
A. flexibility was not valued 100 years ago. B. government forced banks to become more convenient. C. it was impossible to provide 24-hour service 100 years ago. D. the cost of providing 24-hour service is much lower today.