Progressive system of taxation implies that the?

A. poor pay relatively more B. tax rate falls as the tax base increases C. tax rate increases as the tax base increases D. average and marginal rate of tax will be the same E. rich and the poor pay the same amount as tax Correct Answer: Option C – tax rate...
The expenditure of a firm on goods and services for the expansion of its productive capacity is known as?

The West African house was established to?

A. finance development projects in Africa B. enhance financial transaction among members countries C. provide technical assistance to members countries D. stabilize price in developing countries E. service the debts of the African Countries Correct Answer: Option B...
The expenditure of a firm on goods and services for the expansion of its productive capacity is known as?

Banks create money by?

A. giving drafts to customers B. printing more money C. lending our deposits to borrowers D. issuing cheques E. depositing exes cash in the trills Correct Answer: Option C – lending our deposits to borrowers

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