The Lowest Group in the American Class System Lacks Access

question 93

Multiple Choice

The lowest group in the American class system lacks access to the world of work and of mainstream patterns of behavior.All of the following terms are used for this group EXCEPT:

• A) new urban poor
• B) poorest of the poor
• C) truly disadvantaged
• D) underclass
• E) untouchables

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Definitions:

Market Rates

The prevailing interest or exchange rates in the financial markets at any given time.

Premium

The amount paid for an insurance policy or an addition to the standard cost or value of something.

Discount

A deduction from the usual cost of something, or the process of determining the present value of future cash flows by adjusting for the time value of money.

Semiannual Coupon

Interest payments made twice a year by a bond issuer to the bondholders.