If a Reform of the Tax Laws Encourages Greater Saving

question 70

Multiple Choice

If a reform of the tax laws encourages greater saving, the result would be

• A) higher interest rates and greater investment.
• B) higher interest rates and less investment.
• C) lower interest rates and greater investment.
• D) lower interest rate and less investment.

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Definitions:

Articles of Incorporation

The legal document filed with the state government to formally establish a corporation, outlining basic details like the corporation's name, purpose, and structure.

Incorporator

An individual or entity that participates in the formation and registration of a corporation.

Preincorporation Subscriptions

Agreements made by individuals or entities to purchase stock in a corporation that has not yet been formed.

Board of Directors

is a group of individuals elected by shareholders to oversee and make decisions on behalf of a corporation.