| Consider the following statements |
| 1. Spahn tax is a type of currency transaction tax that is meant to be used for the purpose of controlling exchange-rate volatility. |
| 2. The initial idea for a transaction tax specific to currencies is attributed to James Tobin. Which of the statements given above is/are correct? |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
A Spahn tax is a type of currency transaction tax that is meant to be used for the purpose of controlling exchange-rate volatility. This idea was proposed by Paul Bernd Spahn in 1995. The initial idea for a currency transaction tax is attributed to James Tobin in 1972, a concept now known as a Tobin tax.
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