"economics"exercise:Indirect taxes

下载正保会计网校APP 订阅最新报考消息

来源: 正保会计网校编辑：小鞠橘桔 2020/10/26 09:50:28　字体：大小

学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！

Questions 1:

Which of the following is least likely to be a valid function/characteristic of money? Money:

A 、provides a store of wealth.

B、 requires a double coincidence of wants.

C、 acts as a unit of account.

Questions 2:

An advantage of indirect taxes as a fiscal policy tool is that such taxes:

A 、have a greater impact on aggregate spending and output than direct government spending.

B、 can be adjusted almost immediately.

C、 minimize interference with consumer choices.

View answer resolution

【Answer to question 1】B

【analysis】

B is correct. The functions of money include being a means of payment, acting as a medium of exchange, and acting as a unit of account. It does not require a double coincidence of wants, as barter does, because it is easily divisible and can act as a medium of exchange.

C is incorrect. The functions of money include acting as a unit of account.

A is incorrect. The functions/characteristics of money include store of wealth.

【Answer to question 2】B

【analysis】

B is correct. Indirect taxes, which are taxes on spending including excise taxes on fuel, alcohol, and tobacco as well as taxes on gambling winnings, can be adjusted almost immediately after they are announced and can influence spending behavior instantly.

A is incorrect because direct government spending has a far bigger impact on aggregate spending and output than tax cuts or transfer increases.

C is incorrect because indirect taxes support social policies that are specifically aimed at influencing and deterring consumer choices related to such consumption and activities.

成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>

上一篇："economics"exercise:The Giffen and Veble...

下一篇："economics"exercise:International Bank f...