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A government receives some direct tax once a year and many firms pay over the indirect tax they owe quarterly. However, payments to government employees are made at the same rate every month.
Which asset does a government use to overcome this lack of synchronization between payments and receipts?
Which ONE of the following financial instruments is NOT issued for long term borrowing by the issuer?
The burden of an indirect tax on a good will fall most heavily on the producer when
All of the following are sources of finance for business except which one?
Regulatory offices have been established after the privatization of some nationalized industries because
A government may try to reduce a balance of payments deficit on current account by using either expenditure-reducing policies or expenditure-switching policies.
Which of the following is an expenditure-reducing policy?
Financial intermediation is the process by which
The incentive for two countries to trade with each other would be reduced or removed by
(i). people in both countries having similar tastes and preferences
(ii). per capita income being much higher in one country than in the other
(iii). transport costs between the two countries exceeding the output gain from trade
(iv). the industries in both countries suffering from significant decreasing returns to scale
Central banks fulfill all of the following functions except which?
Which of the following statements about government debt is false?
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