Part of the Increase in Currency Holdings in the 1960s

question 72

Multiple Choice

Part of the increase in currency holdings in the 1960s and 1970s can be attributed to

• A)increases in income tax rates.
• B)the switch from progressive to proportional income taxes.
• C)the adoption of regressive taxes.
• D)bracket creep due to inflation and progressive income taxes.

---

Definitions:

Direct Approach

A communication style that is straightforward and unambiguous.

Routine Requests

Regular or standard inquiries or demands made in a business or professional context.

Profession Tone

A style of communication that is formal, courteous, and appropriate for a professional setting, reflecting respect and competence.

Buffer

A neutral or positive statement used at the beginning of a message to cushion the impact of negative news or feedback.