In the 2017 UN Working Paper Entitled "On the Role

question 25

Multiple Choice

In the 2017 UN working paper entitled "On the Role of Central Banks in Enhancing Green Finance," the UN stated that central banks would have what kind of role in addressing environmental concerns?

• A)Central banks would need to enforce regulations at commercial banks regarding environmental goals.
• B)Central banks would need to develop sustainability targets as their new primary goal.
• C)Central banks would need to develop sustainability targets and create new policy tools to meet those targets.
• D)Central banks would need to develop sustainability targets and governments would create new policy tools to meet those targets.

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Definitions:

Taxable Income

The amount of income that is subject to tax, after all allowable deductions, exemptions, and adjustments.

Average Tax Rate

The ratio of the total amount of taxes paid to the total income, showing the percentage of income paid in taxes.

Progressive Tax

A taxation system where the tax rate increases as the taxable amount (income or profits) increases, making it proportionately more taxing on higher earners.

Income Increases

Refers to a situation where an individual's or entity's earnings grow over a period, leading to higher financial resources.