Type of Difference Deferred Tax: A company uses the equity method to account for an investment. This would result in what type of difference and in what type of deferred income tax?

Which of the following statements is correct?

a. Both gold and silver have now been completely removed from any monetary role in the U.S. economy. b. Savings deposits and small time deposits at depository institutions constitute part of the M1 money supply definition. c. Fiat money is gold coins issued by central banks under authority of the government. d. The monetary system of the United States today is based on a dollar standard, and the dollar can be converted into gold.

Between 2006 - 2012, global corporate tax rates have trended upward

Indicate whether the statement is true or false.