Which Statement Best Describes the Inflation Tax

question 23

Multiple Choice

Which statement best describes the inflation tax?

• A) It is an income tax.
• B) It is a sales tax.
• C) It is the revenue created when the government prints money.
• D) It is the revenue created when inflation is low.

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Definitions:

North American

Pertaining to the continent that includes Canada, the United States, Mexico, and Greenland, characterized by diverse cultures, languages, and ecosystems.

Major Possessions

Territories or significant assets that are owned or controlled by a country, corporation, or individual.

Violators

Individuals or entities that break or fail to comply with laws, rules, or regulations.

Jury

A group of people sworn to render a verdict or true answer on a question or questions officially submitted to them in a court of law.