Question

Which of the following statements about deposit/refund systems is INCORRECT

Most deposit/refund systems in the United States are used for beverage containers and lead-acid batteries.

Some nations use deposit/refund systems for automobile bodies

The deposit is imposed at the time of purchase like a retail disposal charge

To be a viable system, the refund must be exactly equal to the deposit.

None of the above (because they’re all correct)

Answer 1

Ans. None of the above ( all are correct)

A deposit refund system combines a tax on product consumption with a rebate when the product or its packaging is returned for recycling or appropriate disposal.

In the united states is the system of fees and reimbursements for beverage containers, lead-acid batteries.

Denmark, Finland, Norway, and Sweden use deposits and refund system for automobile bodies

The deposit is imposed at the time of purchase exactly like a retail disposal charge

In this system, for more viability, the refund must be exactly equal to the deposit

but in Denmark and Norway, new car buyers receive a larger refund than the deposit as an added incentive to properly returns the used vehicle