Which of the Following Is Considered a Major Player in the Financial

question 67

Multiple Choice

Which of the following is considered a major player in the financial system?

• A) Intermediaries
• B) Entrepreneurs
• C) Speculators
• D) Students

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Definitions:

Excise Tax

A specific tax levied on certain goods, services, or activities, often with the aim of reducing their consumption or raising government revenue.

Deadweight Loss

An economic inefficiency that occurs when there is a difference between the supply and demand equilibrium and the quantity of a good being produced and consumed.

Excise Tax

Excise tax is a specific tax levied on certain goods, services, or activities, typically to discourage their use or to raise revenue for specific government programs.

Tax Incidence

The distribution of the economic burden of a tax between buyers and sellers, depending on the elasticity of demand and supply.