Personal Financial Information Must Be Made Public by Members of Congress

question 84

True/False

Personal financial information must be made public by members of Congress.

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Definitions:

Capital Gains Tax

Tax on the profit made from the sale of an asset, which could range from stocks to real estate, varying based on the duration the asset was held and the seller's tax filing status.

Tax Shelter

Financial strategies or instruments used to minimize or avoid taxes legally, often through investments in government securities, retirement accounts, or real estate.

Investment Growth

The increase in the value of an investment, accomplished through rising asset prices and reinvestment of dividends or interest.

Efficient Frontier

A concept in modern portfolio theory representing the set of portfolios that offers the highest expected return for a defined level of risk or the lowest risk for a given level of expected return.