While Education Made Strides in the Early-Twentieth Century,the Working Class

question 2

Multiple Choice

While education made strides in the early-twentieth century,the working class was only rarely able to partake in secondary education.In one country,only 1 in 1000 university students came from the working class.This country was

• A)Austria-Hungary.
• B)Italy.
• C)Serbia.
• D)Greece.
• E)Prussia.

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Definitions:

Loanable Funds

This refers to the resources or funds available for borrowing in the financial markets, used for investments and purchases.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Future Value

The worth of an asset or cash on a future date that has the same value as a certain amount presently.

Present Value

A calculation that determines the current worth of a future sum of money or stream of cash flows, given a specified rate of return.