FINC 321 Finals Exam Multiple Choice 2016

Question 1. Inflation can cause difficulty in many ways. Which group would have the greatest problem during periods of high inflation that last several years? a.) Older, working couples saving for retirement. b.) Older people living on fixed retirement income. c.) Young couples with no children who both work. d.) Young working couples with children. 2. Which of the following is true about sales taxes? a.) The national sales tax percentage rate is 6%. b.) The federal government will deduct it fro...