FIGURE 13- 1 -Refer to Figure 13- 1. Which Point Shows That the Shows

question 21

Multiple Choice

FIGURE 13- 1
-Refer to Figure 13- 1. Which point shows that the bottom 60 percent of families earn just under 40 percent of total income?

• A) A
• B) B
• C) C
• D) D
• E) E

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Definitions:

Creditor's Promise

A declaration made by a creditor, indicating their intention to extend credit to a debtor under agreed terms.

Tender

The formal process of submitting a proposal or bid to undertake a contract or supply goods or services.

Consideration

Something of value that is exchanged between parties as part of a contract, making the agreement legally binding.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.