In October 2008, the Stock Market Crashed, Falling by ________

question 21

Multiple Choice

In October 2008, the stock market crashed, falling by ________ from its peak value a year earlier.

• A) over 40 percent
• B) over 30 percent
• C) over 50 percent
• D) over 25 percent

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Definitions:

CCA Class

Capital Cost Allowance (CCA) Class refers to categories used in taxation to determine the depreciation rate that can be claimed for tax purposes on assets, depending on their nature and use in a business.

Break-Even Lease Payment

The payment amount at which the lessee neither profits nor loses money over the term of the lease.

Corporate Tax Rate

The percentage of a corporation's profits that is paid to the government as tax.

CCA Class

In Canadian taxation, a way to categorize depreciable properties for the purpose of Capital Cost Allowance calculations.