Which of the Following Does NOT Finance the EU Budget

question 21

Multiple Choice

Which of the following does NOT finance the EU budget?

• A)A European income tax
• B)Tariffs on goods entering the EU
• C)A share of national value added taxes
• D)A contribution from each country based on the size of its economy

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Definitions:

Dollar-Weighted Return

A method of calculating an investment's return that takes into account the timing and amount of cash flows into and out of the investment.

Time-Weighted Return

A method to measure the compound rate of growth in a portfolio, eliminating the effect of cash flows in and out of the portfolio.

Comparison Universe

A benchmark or group of benchmarks that portfolios are compared against to evaluate their performance or risk characteristics.

Mutual Funds

Investment funds that pool money from multiple investors to buy a diversified portfolio of stocks, bonds, or other securities.