Economists agree that the "rounding tax" which would be imposed on consumers if we eliminated the penny is substantial,as high as $600 million.
Correct Answer:
Verified
Q51: Money cannot serve as a medium of
Q64: If you liquidate $3,000 of your mutual
Q81: A person's wealth is the same as
Q85: Suppose you transfer $2,000 from your mutual
Q88: Suppose that you decide that you no
Q90: Innovations,including new products and services,in financial markets
Q126: The portion of _ that a bank
Q133: Which of the following is a true
Q134: Reserves of a bank equal its
A)vault cash.
B)deposits
Q140: A bank's largest liability is its
A)short-term borrowing.
B)long-term
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents