Which of the Following Are Indirect Taxes

question 5

Multiple Choice

Which of the following are indirect taxes?

• A)customs duties
• B)excise duties
• C)sales tax
• D)all the above

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Definitions:

Spread

The difference between the purchase price and the sale price of a security, or the difference between the bid and ask prices.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for financing payroll, accounts payable, and other short-term liabilities.

Maturity

Maturity refers to the date on which the principal or final payment is due on a debt instrument, after which the debt is considered repaid.

Futures Position

A contractual obligation to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.