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the tax law places a fixed dollar limit on the amount of home mortgage interest a taxpayer may deduct in a particular year. True/False

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False. The tax code imposes a fixed dollar limitations on the amount of house mortgage interest that a taxpayer may reduce in any given year.

The US dollar is the main currency of the U. S. and several other countries. The Coinage Act of 1792 established the US dollar on level with the Spanish silver dollar, split it into 100 cent, and authorised the minting of coins dollar denominated and cents. United States banknotes are provided in the form of Paper Currency, also known as dollar bills due to their predominately green hue. Following World War I, the United States dollar became an important worldwide reserve currency, eventually displacing the pound sterling as the world's principal national currency by the Agreement of Bretton Woods near the end of WWII. The dollar is among the most extensively used money in international commerce and a freely floating currency.

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