What Is the Largest Source of Revenue for the Federal

question 172

Multiple Choice

What is the largest source of revenue for the federal government?

• A) sales tax
• B) personal income taxes
• C) corporate income taxes
• D) Social Security taxes

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Definitions:

Total M1

A measure of the money supply that includes all physical money, such as coins and currency, as well as demand deposits, traveler's checks, and other checkable deposits.

Currency Accounts

Accounts that hold foreign currencies, allowing the account holder to make international transactions more efficiently.

Interest Rates

The percentage of a loan amount charged by lenders to borrowers for the use of assets, typically expressed annually.

Rate of Inflation

The percentage at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.