-In the Figure Above, the Third Lowest 20 Percent of All

question 136

Multiple Choice

-In the figure above, the third lowest 20 percent of all households receive what share of income?

• A) 10 percent
• B) 30 percent
• C) 20 percent
• D) 5 percent

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Definitions:

Main Purpose Rule

A legal principle stating that if the main purpose of a transaction is to benefit the guarantor, then a written agreement isn't necessary to enforce the guaranty.

Debt

An amount of money borrowed by one party from another, with the condition that it is to be paid back, often with interest.

Enforceable

A legal term referring to a contract or agreement that is recognized by law and can be upheld in a court of law.

Oral Order

A verbal command or instruction to perform a task or service, which can be legally binding in certain contexts.