In What Type of Ownership Is Each Individual Considered to Own

question 13

Multiple Choice

In what type of ownership is each individual considered to own a proportionate share for tax purposes with only your share being included in your estate?

• A)tenancy by default
• B)tenancy by the entirety
• C)tenancy in common
• D)joint tenancy
• E)tenants by birth

---

Definitions:

Money Creation

The process by which the money supply of a country, or of an economic or monetary region, is increased.

Depository Institutions

Financial institutions that accept deposits from individuals and provide loans, such as banks and credit unions.

Loans

Sums of money borrowed that are expected to be paid back with interest by the borrower over a specified period of time.

Discount Rate

The interest rate charged by central banks on loans they give to commercial banks and other financial institutions.