Open-Market Operations Refers To

question 139

Multiple Choice

Open-market operations refers to:

• A)purchases of stocks in the Toronto Stock Exchange.
• B)the purchase or sale of government bonds by the Bank of Canada.
• C)central bank lending to chartered banks.
• D)the specifying of margin requirements on stock purchases.

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Definitions:

Marginal Tax Rate

The rate of tax applied to the last unit of income or additional dollar earned, indicating how much of the next earned dollar will be taken in taxes.

Federal Personal Income Tax

Tax levied by the federal government on individuals' income, with rates varying based on income levels.

Social Security Taxes

Social Security taxes are taxes collected to fund the Social Security program, which provides retirement, disability, and survivorship benefits to eligible Americans.

Income

Money received, typically on a regular basis, for work or through investments.