You Would Like to Have $50,000 for a New Car

question 146

Multiple Choice

You would like to have $50,000 for a new car in six years. If you deposit money today in a bank CD that pays 4 percent per year, how much must your deposit be?

• A) $38,050
• B) $39,516
• C) $40,323
• D) $42,108

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Definitions:

Color-Blind Ideology

A belief that disregarding racial characteristics promotes racial equality by treating all individuals as equally as possible, without regard to race, culture, or ethnicity.

Structural Racism

A framework where institutional practices, public policies, cultural portrayals, and societal norms interplay, frequently in reinforcing manners, to continue the imbalance of equity among racial groups.

Interracial Relationships

Romantic relationships between individuals of different racial or ethnic backgrounds, facing unique social challenges and opportunities for cultural integration.

Park's Race Relations Cycle

A sociological model by Robert E. Park that outlines the stages of interaction between different racial or ethnic groups, including contact, competition, accommodation, and assimilation.