Statement I

question 217

Multiple Choice

Statement I.President Ronald Reagan said that if we cut tax rates,people would have more incentive to work,output would rise,and inflation would subside.
Statement II.President Reagan said big government is not the answer to our problem,it is the problem.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Commercial Bank

A commercial bank is a financial institution that offers various services, such as accepting deposits, providing business loans, and offering basic investment products to individuals and businesses.

Corporate Bank

A financial institution that provides services such as loans, currency exchange, and large-scale investment opportunities to businesses and corporations.

Commercial Letter

A commercial letter is a document used in international trade that provides specific instructions or information regarding the shipment of goods.

Secure Form

A digital form that implements security measures to protect the data being transmitted from unauthorized access or alterations.