The average price of a car in 1970 was $3,500. the consumer price index (cpi) was 38.8 in 1970 and 251.1 in 2018. the 2018 price of the 1970 car is computed as:_______

Answers

Answer 1

We find that the 2018 price of the car is $22,645.

The 2018 price of the 1970 car is computed as follows: Step 1: Calculate the inflation rate. Inflation rate = (CPI in 2018 - CPI in 1970) / CPI in 1970 Inflation rate = (251.1 - 38.8) / 38.8 Inflation rate = 5.47 or 547% Step 2: Apply the inflation rate to the 1970 price. 2018 price = 1970 price * (1 + inflation rate) 2018 price = $3,500 * (1 + 5.47) 2018 price = $3,500 * 6.47 2018 price = $22,645. Therefore, the 2018 price of the 1970 car is $22,645.  

To calculate the 2018 price of the 1970 car, we first need to determine the inflation rate. The inflation rate is the percentage increase in prices over time. It is calculated by taking the difference between the Consumer Price Index (CPI) in 2018 and the CPI in 1970, dividing it by the CPI in 1970, and then multiplying by 100.

In this case, the CPI in 2018 is 251.1 and the CPI in 1970 is 38.8. Plugging these values into the formula, we find an inflation rate of 547%. Next, we apply the inflation rate to the 1970 price of the car. This is done by multiplying the 1970 price by 1 plus the inflation rate. In this case, the 1970 price is $3,500. After performing the calculation, we find that the 2018 price of the car is $22,645.

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Related Questions

Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure the online access to his bank account. Which password can Chan use for maximum security?

Answers

Prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.

What do we mean by password security?

Put password length first: To reduce the likelihood of being a victim of a data breach or cyberattack, secure passwords should be at least 16 characters long.

Do not reuse passwords: Credential stuffing attacks, which are regularly exploited by hackers, put you in danger if you use the same password for many accounts.

The first line of security against unwanted access to your computer and personal information is provided by passwords.

Your computer will be more secure from hackers and bad malware if your password is strong.

Strong passwords should be used for every account on your computer.

Try to include both upper- and lowercase characters, numerals, and symbols.

The use of dictionary terminology should be avoided. Swimming1 is an example of a bad password.

Therefore, prioritize password length: Secure passwords should have at least 16 characters in order to lessen the possibility of becoming a victim of a data leak or hack. So, for maximum security, Chan can use the password (C) 123456chanbankacc!.

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Complete question:
Chan has opened a savings account at a bank near his house. He has been given the option of online access to all transactions from this new account. He now has to decide on a password to secure online access to his bank account. Which password can Chan use for maximum security?

A. chan123

B. chan1234

C. 123456chanbankacc!

D. 12345chan

Benton corporation acquired real estate that contained land, building and equipment. the property cost benton $825,000. benton paid $175,000 in cash and issued a note payable for the remainder of the cost. an appraisal of the property reported the following values: land, $85,000; building, $625,000; and equipment, $250,000. what value will be recorded for the building

Answers

$537109 will be recorded value0 for the building.

What does it take to acquire a company?

A company makes an acquisition when it buys the majority or all of the shares of another company in order to take over that business. The acquirer can make choices regarding newly acquired assets without the consent of the target company's other shareholders if they buy more than 50% of the target company's stock and other assets.

What is the journal entry for acquisition?

The company can make the journal entry for the goodwill on acquisition by debiting the assets at the fair value and the goodwill account and crediting the liabilities at the fair value and the cash account.

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When you apply for a mortgage, the lending institution will likely use your gross income to help decide if you qualify. What is that?

Answers

Gross income is the total amount of income you earn before any taxes or deductions are taken out. When you apply for a mortgage, the lending institution will look at your gross income to determine if you qualify for the loan.

This is because your gross income is an important factor in determining how much money you can afford to pay towards your mortgage each month. The lending institution will also look at other factors such as your credit score, debt-to-income ratio, and employment history to determine if you are a good candidate for a mortgage.

It is important to provide accurate information about your gross income when applying for a mortgage to ensure that you are able to make your payments on time and avoid defaulting on your loan.

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outline 2 reasons for completing assigned tasks daily​

Answers

In summary, it is important to complete your tasks because it helps you feel better, helps you identify what you should be working on and together that means you complete more tasks.

Information in digital form
a. is decreasing
b. is in an electronic format
c. cannot be read by a computer
d. none of the above

Answers

Answer: B is in electronic format

Explanation: Electronic format means that it can be read on a digital device.

Hello. Im in a rush of figuring out what kind of advertisement i need for my product and its a drone. Someone help please.

Answers

Answer/Explanation:

In regarding to advertisement, you can use social media to promote your product or spreading the word by participating in events regarding your form of business. For example, if you use a social media platform and have any related members or friends who are on the same platform, they can boost your product and assist in your advertising.

How much will a firm receive in net funding from a firm commitment underwriting of 250 shares priced to the public at $33.6 if a 12% underwriting spread has been added to the price paid by the underwriter? Additionally, the firm pays $1,000 in legal fees. O $6,500 O $7,400 O $7,500 O $6,392

Answers

The firm will receive $7,500 in net funding from the firm commitment underwriting after accounting for the underwriting spread and legal fees.

In a firm commitment underwriting, the underwriter agrees to purchase the shares from the issuing firm at a specified price and then resell them to the public. The underwriter charges an underwriting spread, which is the difference between the price paid by the underwriter and the price at which the shares are sold to the public.

In this case, the underwriting spread is 12% of the public offering price. The public offering price is $33.6 per share. Therefore, the underwriting spread is 0.12 * $33.6 = $4.032 per share.

The firm is offering 250 shares, so the total underwriting spread is 250 * $4.032 = $1,008.

After deducting the underwriting spread of $1,008 and the legal fees of $1,000, the net funding received by the firm is $33.6 * 250 - $1,008 - $1,000 = $7,500.

Therefore, the correct answer is $7,500.


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If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 16,000 + 140x + 4x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.)(b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) (c) Find the marginal cost at a production level of 1000 units. (Round your answer to the nearest cent.)(d) Find the production level that will minimize the average cost. (Round your answer to the nearest whole number.) (e) What is the minimum average cost? (Round your answer to the nearest dollar.)

Answers

Answer:

Following are the solution to the question:

Explanation:

Calculating the total cost:

\(C(x) = 2,000 + 140x + \frac{4x^3}{2}\)

Calculating the marginal cost:

\(M(x) = C'(x) = 140 + 6 \times \frac{1}{2}\)

Calculating the average cost:

\(A( x ) =\frac{ C( x )}{x} = 2,000x-1 + 140 + 4\times \frac{1}{2}\)

Calculating the marginal average cost:

\(m( x ) = A'( x ) = -2,000x-2 + 2x-\frac{1}{2}\)

In point  (a)

\(C( 1,000 )\)

              \(= 2,000 + 140( 1,000 ) + 4( 1,000)^{\frac{3}{2}}\\\\= \$ \ 268,491.106 \\\\ = \$ \ 268,491.11\)

In point(b)

\(A( 1,000 )\)

               \(= 2,000( 1,000 )-1 + 140 + 4( 1,000 )^{\frac{1 }{2}}\\\\= \frac{\$ \ 268.491106} {unit}\\\\= \frac{\$ \ 268.49}{ unit}\)

In point (c)

\(M( 1,000)\)

              \(= 140 + 6( 1,000 )^{\frac{1}{2}}\\\\= \frac{\$ \ 329.73666}{unit}\\\\= \frac{ \$ \ 329.74}{ unit}\)

In point (d)  

Calculating the average cost:

\(A'( x ) = m( x ) = -2,000x-2 + 2x- \frac{1}{2}\\\\A'( x ) = 0 = -2,000x-2 + 2x-\frac{1}{2}= 0\\\\multiply \ by \ 2\\\\\to -2,000 + 2 \times \frac{x^3}{2}= 0 \\\\\to 2\times \frac{x^3}{2} = 2,000 \\\\\to \frac{x^3}{2} = \frac{2,000}{2} \\\\ \to \frac{x^3}{2}= 1,000 \\\\\to x = ( 1,000 )^{\frac{2}{3}}\\\\ \to 100 \ units\)

In point (e)

\(A( 100 )\)

            \(= 2,000( 100 )-1 + 140 + 4( 100 )^{\frac{1}{2}}\\\\= \frac{ \$ \ 200}{unit}\)

The main purpose of all criticism is to _______.

a. encourage growth and improvement
b. discourage growth and improvement
c. showcase growth and improvement
d. downplay growth and improvement

Answers

Answer: I believe it is a.

Explanation:

Criticism is supposed to encourage growth and improvement because it is showing you what you did wrong so that you can correct your mistakes. Out of that comes the growth.

The main purpose of all criticism is to encourage growth and improvement. Thus, the correct answer is option A.

What is criticism?

Criticism is the act of criticizing usually unfavorably. It is the art of evaluating or analyzing works of art or literature. It is an the expression of disapproval of someone or something based on perceived faults or mistakes.

Criticism provides us with a fresh perspective and alerts us to things we may have overlooked or never considered. Whether it's a peer review or a performance evaluation, constructive criticism and feedback can help you grow by shedding light and providing opportunities for improvement.

Criticism is especially useful at work because it demonstrates that your bosses and coworkers care about you and want you to succeed.

Therefore, criticism encourages growth and improvement.

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on june 30, 2024, moran corporation issued $10.0 million of its 8% bonds for $9.0 million. the bonds were priced to yield 10%. the bonds are dated june 30, 2024. interest is payable semiannually on december 31 and july 1. if the effective interest method is used, by how much should the bond discount be reduced for the six months ended december 31, 2024?

Answers

The bond discount should be reduced by $50,000 for the six months ended December 31, 2024. This is because the effective interest method requires the discount on bonds to be amortized over the life of the bonds.

The bond discount is the difference between the face value ($10 million) and the issue price ($9 million). Thus, the bond discount is $1 million. The interest rate of 10% is applied to the bond discount of $1 million and divided by two to get the amount to be amortized each six months. Therefore, the bond discount should be reduced by $50,000 ($1 million * 10% / 2) for the six months ended December 31, 2024.

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Make a list of getting information about employment an publishes.

Answers

( GETTING LIST OF INFORMATION ABOUT EMPLOYMENT AND PUBLISHES : )

-Personal contacts.

-School career planning and placement offices.

Classified ads.

-National and local newspapers. Professional journals.

-Trade magazines.

-Internet networks and resources.

-State employment service offices.

-Federal government.

-Professional associations.

-Labor unions.

If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage

Answers

The profit in percentage given the revenue and the expenses is -38.60%

What is the profit in percentage?

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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How can the business cycle affect your income?
I

Answers

Depending on the speed of the business cycle, your income will correlate to it.
The more you mantain oyu business the more income

which mode of transportation has extremely high variable costs but relatively low fixed costs?

Answers

The mode of transportation that has extremely high variable costs but relatively low fixed costs is air transportation. Air transportation is known for its high variable costs which are mainly fuel, maintenance, and landing fees.

These costs vary depending on the distance traveled and the number of flights operated. However, the fixed costs in air transportation are relatively low compared to other modes of transportation such as railways and highways. This is because airlines do not need to invest in building infrastructure or maintaining tracks and roads like other transportation modes. The majority of their fixed costs are associated with aircraft acquisition and employee salaries.
In summary, air transportation has a cost structure that is heavily reliant on variable costs and has relatively low fixed costs. This is due to the nature of the industry which requires a large amount of fuel, maintenance, and landing fees to operate but does not require significant investment in infrastructure.

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the marginal revenue a seller receives can be expressed as mr= δδ× .

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True. The marginal revenue a seller receives can be expressed as mr= δδ× .

Marginal revenue (MR) is the additional revenue a seller earns from selling one more unit of a good or service. It can be expressed as the derivative of the total revenue function with respect to the quantity sold, MR = δTR/δQ. In other words, it is the change in total revenue divided by the change in quantity sold. This means that MR can be calculated as the slope of the total revenue curve at a specific quantity sold. In a perfectly competitive market, the marginal revenue is equal to the market price of the good or service.

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Cornerstone Exercise 7-18 (Algorithmic)
Acquisition Cost

Cox Company recently purchased a machine by paying $10,500 cash and signing a 6-month, 10% note for $10,000. In addition to the purchase price, Cox incurred the following costs related to the machine: freight charges, $800; interest charges, $500; special foundation for machine, $400; installation costs, $1,100.

Required:

Determine the cost of the machine.

Answers

Cox Company purchased the machine for $20,500 and incurred an additional $2,800 in costs. Adding these amounts together, the cost of the machine is $23,300.

To determine the cost of the machine, we need to add up the purchase price and all the related costs incurred by Cox Company.
Step 1: Start with the purchase price, which is $10,500 cash and a $10,000 note. Add these two amounts together: $10,500 + $10,000 = $20,500.

Step 2: Add the additional costs incurred by Cox Company. Sum up the freight charges ($800), interest charges ($500), special foundation for the machine ($400), and installation costs ($1,100):

$800 + $500 + $400 + $1,100 = $2,800.

Step 3: Finally, add the purchase price and the additional costs together:

$20,500 + $2,800 = $23,300.

Therefore, the cost of the machine is $23,300.

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According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.

Answers

The reduction of tariffs will provide greater market access to foreign products.

What is a tariff?

It should be noted that a tariff simply means a tax that's on an imported good. This is vital to generate revenue for the government.

Reducing many of the tariffs that are still in existence will lead to greater market access to foreign products.

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Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Please select the best answer from the choices provided T or F

Answers

Answer:

falseeeee

Explanation:

Answer:

nope (false)

Explanation:

Look at the following text:

Exercise initiatives improve employee performance

Employee health can be improved with 30 minutes of walking per day. Research shows that 30 minutes of walking lowers a person's risk of health issues.

Problem: Unfit employees do not perform well

Employees who do not exercise are at risk for health issues such as heart disease. They are also more likely to feel tired throughout the workday and experience a decrease in productivity.

a. Why is this text not clear?


b. Show how you would change this text to make it more readable.

Answers

The given text is not clear as it used unnecessary words in repeat which caused difficulty in interpreting the Meaning.

What is Inference?

Inference in any literature piece refers to achieving the conclusion of any subject with the support of facts and evidence present in the particular piece of literature.

To make the text more readable used of transitions words are required in order to develop a connection between two sentences. Apart from that elimination of unnecessary words is required.

The revised text will be written as "Employee health can be improved with 30 minutes of walking per day as Research shows that it will lower a person's risk of health issues."

The next paragraph will be revised as "Employees who do not exercise are at risk for health issues such as heart disease, they feel tired throughout the workday and experience a decrease in productivity.

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How to convert 10000yen to usd?

Answers

Assuming an exchange rate of 1 USD to 110 JPY, we can use the following formula to convert 10000 yen to USD:

10000 yen x 1 USD / 110 JPY = 90.91 USD

To convert 10000 yen to USD, you need to know the current exchange rate between the Japanese yen and the US dollar. Exchange rates fluctuate constantly, so it's essential to use the most up-to-date rate for an accurate conversion.

Therefore, if the current exchange rate is 1 USD to 110 JPY, 10000 yen is equivalent to approximately 90.91 US dollars.

It's essential to note that exchange rates are subject to fluctuations, and the actual amount may differ depending on the exchange rate at the time of conversion. Additionally, when converting large amounts of currency, it's crucial to consult with a financial professional to ensure that you get the most accurate and favorable exchange rate.

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sankey co. has earnings per share of $3.65. the benchmark pe is 18.2 times. what stock price would you consider appropriate? 2:39 Multiple Choice $58.15 $21.85 $47.87 $66.43 $49.86

Answers

The appropriate stock price for Sankey Co. would be $66.43.


To calculate the appropriate stock price for Sankey Co., we need to use the P/E ratio formula:
P/E ratio = Stock price / Earnings per share
We know that the benchmark P/E ratio is 18.2 times, which means that investors are willing to pay $18.2 for every $1 of earnings.

We also know that Sankey Co. has earnings per share of $3.65.
So, we can rearrange the formula to solve for the stock price:
Stock price = P/E ratio x Earnings per share
Stock price = 18.2 x $3.65
Stock price = $66.43

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What is Gravitational law and how yo solve it​

Answers

Explanation:

I believe this is what you are asking for, Newton's law of gravitation.

The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.

Do you see any advantage to franchising the Drop-In Tacos concept?

A. A franchise arrangement would reduce our cost and risk in Japan
B. It would eliminate the problem of legally protexting our drop in tacos brand
C. Franchishing would eliminatw the need for us to obtain buikiding permits and comomete other paperwork to build and open our stores there

Answers

A franchise arrangement would reduce our cost and risk in Japan and Franchishing would eliminatw the need for us to obtain buikiding permits and comomete other paperwork to build and open our stores there present potential advantages to franchising the Drop-In Tacos concept.

Both options A and C present potential advantages to franchising the Drop-In Tacos concept.

A. A franchise arrangement would reduce our cost and risk in Japan: Franchising allows for the expansion of a business without shouldering all the financial burden and risk associated with opening and operating new locations. By franchising the Drop-In Tacos concept, the company could potentially benefit from reduced costs and risks in entering the Japanese market. Franchisees would bear the responsibility of funding and managing their individual locations, reducing the financial burden on the company.

C. Franchising would eliminate the need for us to obtain building permits and complete other paperwork to build and open our stores there: When franchising, the responsibility for obtaining building permits, handling paperwork, and navigating local regulations often falls on the franchisee. This can streamline the process of establishing new stores in a foreign market like Japan. By franchising the concept, the company can leverage the franchisees' local knowledge and resources to expedite the expansion process and potentially reduce administrative burdens.

It's important to note that these advantages are specific to the franchise model and may not be applicable in all situations. The company should carefully evaluate the potential benefits and drawbacks of franchising, taking into consideration factors such as brand control, operational consistency, financial implications, and long-term growth strategies.

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Write three sentences.What is summer mainly about and what is your fav thing about summer time?

Answers

Is is what the top say your welcome

Assuming a Medicare tax rate of 1.45% and monthly, gross wages of $5,100, the amount recorded in Medicare Tax Payable for one quarter for the employee's payroll deduction is
a credit for $73.95.
a credit for $221.85
a debit for $73.95. a debit for $221.85.

Answers

The amount recorded in Medicare Tax Payable for one quarter for the employee's payroll deduction is a debit for $73.95. Medicare tax is a payroll tax that is deducted from an employee's wages to fund the Medicare program.

The Medicare tax rate for employees is 1.45% of their gross wages. To calculate the amount recorded in Medicare Tax Payable for one quarter, we need to multiply the monthly gross wages by the Medicare tax rate and then multiply by the number of months in a quarter (3).

In this case, the monthly gross wages are $5,100. Multiplying this by the Medicare tax rate (1.45%) gives us $73.95. To calculate the amount for one quarter, we multiply $73.95 by 3, resulting in a total of $221.85.

Since the question asks for the amount recorded in Medicare Tax Payable for the employee's payroll deduction, we consider it as a debit. Therefore, the correct answer is a debit for $73.95. This indicates that $73.95 will be debited from the employee's payroll and recorded as Medicare Tax Payable.

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what is consolidated net income for the parent and subsidiary for the year ended december 31, 2021?

Answers

The consolidated net income is the sum of the net income of a parent company and its subsidiaries. When a parent company has a controlling interest in one or more subsidiaries, it is required to prepare consolidated financial statements that reflect the financial performance of the entire group rather than just the parent company.

This process involves combining the financial statements of the parent and subsidiaries and eliminating any intercompany transactions to avoid double-counting. The resulting financial statements show the overall financial health of the entire group, including the consolidated net income for the year.

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What is a disadvantage of buying on account?

O A. It requires partial payment at purchase.
• B. It is very complicated.
O C. It involves making a larger number of payments.
O D. It can become expensive.

Answers

d it can become expensive

2. Which two of the following are examples of short-term sources of finance?
a. Overdraft
b. Bank loan
C. Trade credit
d. Share capital
e. Retained profit

Answers

Bank loan and trade credit are two examples of short term sources of finance

The correct answer is option a. overdraft and option c. trade credit as these are examples of short-term sources of finance among given options.

The short-term source of finances can be explained as the loans or credit facility provided to an enterprise or business for a time period of less than one year. It helps in maintaining the liquidity and liabilities of enterprises.

Bank overdraft:

A temporary arrangement to overdraw from an organization's current deposit account for a certain time limit allowed by the particular bank is known as an overdraft.Granted against securities provided by the organization, goods in stock, and other marketable possessions.The rate of interest charged on overdraft is comparatively higher than the rate on deposits.

Trade credit:

The most common source of short-term finance available.If a firm buys any product or particular merchandise, and the supplier grants a period of time to pay for the product even it has already received a buyer called trade credit. There is no explicit interest cost

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2. Which two of the following are examples of short-term sources of finance?a. Overdraftb. Bank loanC.

FIRST ANSWER WILL BE NAMED BRAINLIEST
Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit

Answers

Answer:

It is letter B

Explanation:

Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.

What is the budget?

A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.

Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.

Therefore, option B is the correct option.

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2. Which country is the top foreign holder of U.S. federal government debt?
a. Germany
b. United Kingdom
c. Japan
d. China

Answers

C. Japan

Japan held 1.8 trillion in Treasury Securities as of Nov 2022, beating out China
Japan !!!!! !!,!,!!!!!!!!!!!!!!!!!!!!!!!!!
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