The Ascendance of the Dollar the Dominant Global Currency Reflects

question 97

Multiple Choice

The ascendance of the dollar the dominant global currency reflects several key factors such as

• A)the size of the U.S. population.
• B)the mature and open capital markets of the U.S. economy.
• C)exchange rate stability.
• D)all of the above.

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Definitions:

Social Security Withholding

The portion of an employee's wage that is deducted and sent to the government to fund Social Security benefits.

Federal Income Tax Withholding

The process by which an employer deducts a portion of an employee's income and pays it directly to the government, as a prepayment of the employee's federal income tax.

Net Pay

The amount of a person's paycheck after deductions, such as taxes and retirement contributions, have been removed.

FICA Tax

A U.S. federal payroll tax known as the Federal Insurance Contributions Act tax, which finances Social Security and Medicare benefits.