Author Question: An exchange rate is the price of one currency in terms of a second currency. a. True b. False ... (Read 106 times)

ENagel · **on:** Jun 30, 2018

An exchange rate is the price of one currency in terms of a second currency.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If a flat tax plan allowed individuals to deduct a standard allowance of 15,000 and the flat tax rate was 10 percent, an individual earning 12,000 a year would not pay any income taxes.
a. True
b. False
Indicate whether the statement is true or false