The Term Socioeconomic Status Refers to Social Class and Includes

question 16

Multiple Choice

The term socioeconomic status refers to social class and includes:

• A) Income level, occupational status, and ethnicity.
• B) Income level, educational level, and ethnicity.
• C) Income level, educational level, and occupational status.
• D) Income level, religiosity, and ethnicity.

---

Definitions:

Invested

Invested pertains to the allocation of resources, usually money, into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Interest Rate

The percentage at which interest is charged on a loan or paid on savings.

Guaranteed Investment

An investment product that promises a certain return or protects the principal amount.

Matures

Refers to the date on which a financial obligation must be repaid or the final payment is due, typically used in the context of bonds or loans.