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Author Question: Suppose the annual inflation rate is 10, and an asset bought at the beginning of the year for ... (Read 19 times)

Mr.Thesaxman

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on: Jun 30, 2018
Suppose the annual inflation rate is 10, and an asset bought at the beginning of the year for 100,000 is sold for 115,000. If the capital-gains tax rate is 30, what is the (approximate) effective tax rate on the sale of this asset?
 
  A) 10
  B) 20
  C) 25
  D) 30
  E) 4

Question 2

Which of the following is a function of money?
 
  A) medium of exchange
  B) provides protection from inflation
  C) it is a flow variable
  D) all of the above
  E) none of the above


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steff9894

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


Mr.Thesaxman

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Wow, this really help

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