Question
If a government defaults on the value of its debt by
3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.Solution
I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
Statements: All glasses are plates.
Some plates are bowls.
Conclusions:I. Some bowls are glasses.
II. No bowl is a glass.Â
- Statements:
Some Hands are Fingers
Some Fingers are Toes
All Toes are Lips
Conclusion:
I. Some Fingers are Lips ... - In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be true ev...
In each of the following question below are given some statements followed by some conclusions. Taking the given statements to be true even if they see...
In the questions given below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be ...
- Statements:
Some coins is dollar
Only dollar is euro
Conclusions:
I. Some euro can be coin
II. All dollar can b... Statements:
Some Turmeric are Tamarind.
All Tamarind are Cumin.
Only a few Tamarind are Ginger.
Conclusion:
I. All Cu...
- Statements:
All Dictionary are Letter
Some Letter are Words
No Word is Number
Conclusion:
I. Some Letter are not Nu... Statements:
No waiter is a bar.
Some bars are bottles.
All bottles are drinks.
Some drinks are motels.
Conclusions:
Statements:
Only a few Black is Grey.
Only Grey is White.
Some Black is Blue.
Conclusions:
No Blue being White is...
