The 'Goods and Services Tax' on foreign exchange conversion services is: MCQ with Answer and Explanation

Explanation:
Because individuals can enjoy the benefits of a pure public good without paying, they have an incentive to free-ride, resulting in under-provision if left to the private market.

Explanation:
Public goods are non-excludable (difficult to prevent non-payers from consuming) and non-rivalrous (one person's consumption does not reduce availability for others).

Explanation:
Government securities are called gilt-edged securities because of low default risk.