Which of the following describes a situation where tax laws give preferential treatment to specific types of behavior?
a. tax evasion
b. a political payoff
c. a tax loophole
d. compensation for the benefit of society
c
Economics
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China has used its current account surplus to:
A. buy stocks on the New York Stock Exchange. B. make loans to foreigners. C. buy U.S. government and agency securities. D. buy German government and agency securities.
Economics
A system by which firms assign their customers for collection purposes to regional banks that transfer funds to a central bank is known as:
A) A lock-box system B) A zero-balance account C) A wire transfer D) Concentration banking
Economics