Capital Gains and Capital Losses

question 98

Multiple Choice

Capital gains and capital losses

• A)are not fully taxed.
• B)are subject to higher taxes than is income.
• C)are assets held for longer than two years.
• D)are assets held for longer than five years.
• E)are assets held for longer than ten years.

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Definitions:

White Flight

Refers to the phenomenon of white people moving out of urban areas, particularly those with a significant minority population, to suburban areas.

Urban Centers

Densely populated cities or metropolitan areas that serve as hubs of economic, political, and cultural activities within a country or region.

Federal Government Loan Programs

Financial assistance programs administered by the federal government to support individuals and organizations in various sectors, including education, housing, and agriculture.

Segregation

The enforced separation of different racial groups in a country, community, or establishment, historically significant in many societies, including the United States.