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24. What type of tax is imposed on the value ot an individual's property at the tima ol death? A. Inheritance B. Excise C. Gift

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24. What type of tax is imposed on the value ot an individual's property at the tima ol death? A. Inheritance B. Excise C. Gift D. Personal property E. Estate his or 25. An annuity due is: A. Result in the same payments as an ordinary annuity B. Payments from a lump-sum deposit that can be generated at the end of each period C. D. Calculated the exact same way as an ordinary annuity 26. An investment account that increases from $3,000 to $3.271 in one year is earning approximatelypercent annual interest. A. 3 B. 5 C. 7 D. 9 27. An investment account that increases from $1,000 to $1,005 in a month is earning approximately percent annual interest A. 0.5 B. 5.0 C. 6.0 D. 10.0 28. The ability to readily convert financial resources into cash without loss of value is referred to as: A bankruptcy B. liquidity C. investing D. saving E. opportunity cost. 29. The "head of household" filing status is for people who are: A. recently divorced. widowed. unmarried and have dependent children. D. married but only one spouse has income. E. married and each spouse makes about the same income 30. A family has a net worth of $156,000 and liabilities of $167,000, what is the amount of their assets? A. $11,000 B. $156,000 C. $167,000 D. $323,000 E. $452,000

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