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Question
pregunta 5 (5 puntos)
____ includes all paper money and all coin money.
a securities
b time deposits
c currency
d demand deposits
pregunta 6 (5 puntos)
sales tax is technically a/an __ tax, but since it is a higher percentage of lower income peoples money, it is also a/an __ tax.
a proportional; progressive
b excise; regressive
c proportional; regressive
d regressive; proportional
For Pregunta 5: Currency is defined as physical money including paper bills and coins.
For Pregunta 6: Sales tax applies at a fixed rate (proportional) but takes a larger share of lower incomes (regressive).
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c. currency
c. proportional; regressive