If a Person Has a Different Class Position from That

question 58

Multiple Choice

If a person has a different class position from that of his parents or grandparents,he has experienced:

• A) intragenerational mobility
• B) intergenerational mobility
• C) life course
• D) life history
• E) exchange mobility

---

Definitions:

Compounded Annually

Describes the method by which the interest earned on an investment is calculated and added to the principal balance once per year, leading to an increase in the amount of future interest.

Compound Interest

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Semiannual Interest

Interest that is paid or calculated twice a year, often used in bond payments.

Compounded Annually

This term describes interest on an investment that is calculated once a year, where the interest added also earns interest in subsequent years.