Which of the following statements is true?
A) Customers in high tax brackets would be more likely to take cash discounts and
Corporations in high tax brackets would be more likely to offer credit.
B) Customers in high tax brackets would be more likely to take cash discounts and
Corporations in low tax brackets would be more likely to offer credit.
C) Customers in low tax brackets would be more likely to take cash discounts and
Corporations in high tax brackets would be more likely to offer credit.
D) Customers in low tax brackets would be more likely to take cash discounts and
Corporations in low tax brackets would be more likely to offer credit.
E) Taxes have an effect on the propensity to grant credit, but no effect on the propensity to
Use credit.
Correct Answer:
Verified
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