After the Crises in Japan in the Spring of 2011,the

question 47

Multiple Choice

After the crises in Japan in the spring of 2011,the

• A) yen strengthened.
• B) yen reached all-time lows against the dollar and the euro.
• C) Japanese monetary authorities allowed the yen to trade against the renminbi.
• D) yen stabilized at a 10-year low.

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Definitions:

FICA - Medicare

A payroll tax that funds the Medicare program, split between employers and employees, based on a percentage of earned wages.

Gross Pay

The gross income of an employee, which is the sum of all earnings before any deductions or taxes are applied.

Chief Executive Officer

The highest-ranking executive in a company, responsible for the overall operations, making major corporate decisions, and setting strategic goals.

FUTA Tax

The Federal Unemployment Tax Act (FUTA) tax is a payroll tax paid by employers to help fund state workforce agencies.