The Largest Single Source of Revenue for the Federal Government

question 216

Multiple Choice

The largest single source of revenue for the federal government is the

• A)corporate income tax.
• B)federal excise tax.
• C)personal income tax.
• D)Social Security tax.

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Definitions:

Currency Speculators

Investors who buy and sell foreign exchange with the aim of making a profit from changes in exchange rates, influencing currency values and economic conditions.

Spot Trade

A transaction for the immediate delivery of a currency, financial instrument, or commodity.

Business Days

Days of the week excluding weekends and public holidays when businesses and government offices are typically open.

Forward Trade

Agreement to exchange currency at some time in the future.