When the Federal Reserve was formed, state-chartered banks were __________ Fed member banks
A) automatically made
B) required to become
C) given the option to become
D) not allowed to become
C
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Suppose the government taxes 30 percent of the first $70,000 and 50 percent of all income above $70,000 . For a person earning $200,000 . the marginal tax rate is
a. 30 percent, and the average tax rate is 50 percent. b. 30 percent, and the average tax rate is 43 percent. c. 50 percent, and the average tax rate is 40 percent. d. 50 percent, and the average tax rate is 43 percent.
A deficit on the current account:
A. normally causes a surplus on the capital and financial account. B. normally causes a deficit on the capital and financial account. C. has no relationship to the capital and financial account. D. means that a nation is making international transfers.