A bank with a large credit-card customer base can market other financial products to these customers at a low cost. This is an example of
A) economies of scale.
B) economies of scope.
C) becoming a superregional bank.
D) none of the above.
B
Business
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A 33-year-old taxpayer withdrew $30,000 (pretax) from a traditional IRA. The taxpayer has a 33% effective tax rate and a 35% marginal tax rate. What is the total tax liability associated with the withdrawal?
a) $13,000 b) $10,000 c) $13,500 d) $10,500
Business
The security agreement establishes the lenders interest in the purchased good
Indicate whether the statement is true or false.
Business