In Addition to U

question 51

Multiple Choice

In addition to U.S. Treasury securities, the Fed's portfolio of securities contains

• A)corporate stock.
• B)corporate bonds.
• C)bankers' acceptances.
• D)commercial paper.

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Definitions:

Straight-Line Depreciation

A way to distribute the expense of a tangible property over its lifespan in equal amounts each year.

CCA Class

Specific categories under the Canadian Capital Cost Allowance that determines the depreciation rate for tax purposes on an asset.

Depreciation Tax Shield

The reduction in income tax obligation resulting from the deduction of depreciation expenses.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.