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Which of the following statements about nominal data is TRUE?
Borrower
An individual, organization, or entity that receives funds from another under the condition of returning the funds, typically with interest, over a period of time.
Schedule B
A form used with the IRS tax return to report interest and ordinary dividend income.
Interest Income
Earnings received from investments like savings accounts, CDs, or bonds.
Taxpayer
An individual or entity that is obligated to make payments to municipal or governmental authorities based on income earned or property owned.
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