A Value-Added Tax (VAT)is a Less Visible Form of a Sales

question 157

True/False

A value-added tax (VAT)is a less visible form of a sales tax.

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Definitions:

Interest Rate

The percentage at which interest is paid by a borrower for the use of money that they borrow from a lender, crucial in financial and monetary policies.

Consignment

A process in which an exporter sends goods to an importer without transferring ownership.

Ownership

The legal right or state of having control over something, such as property, assets, or a business.

Exporter

An exporter is a person or company that sells goods or services to buyers in another country, contributing to international trade and economic growth.