The Supply Curve for Funds

question 123

Multiple Choice

The supply curve for funds

• A)is generally positively sloped.
• B)depends upon people's savings plans.
• C)is a function of the interest rate.
• D)All of the above are correct.

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Definitions:

Journal Entry

A record in accounting that notes transactions and changes in financial statements.

Net Pay

The amount of money an employee takes home after all deductions, such as taxes and benefits, are taken out of their gross salary.

FICA Tax

Federal Insurance Contributions Act tax; a United States federal payroll (or employment) tax imposed on both employees and employers to fund Social Security and Medicare.

Federal Income Taxes

Federal income taxes are taxes levied by the national government on taxable income of individuals, corporations, trusts, and other legal entities.