At the Beginning of the Twentieth Century,fewer Than One in Seven

question 67

Multiple Choice

At the beginning of the twentieth century,fewer than one in seven people lived in cities.In 2008,the number of people living in cities _______________ the number of people living in rural areas.

• A) is irrelevant compared with
• B) has surpassed
• C) is equal to
• D) was less than
• E) none of the above

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Definitions:

Compounded Semi-annually

A method where interest earnings are calculated and added to an account's balance every six months, contributing to the compounded growth of an investment.

Compounded Quarterly

Related to the calculation of interest which is added to the principal amount at the end of every quarter, or every three months.

Preferred Share

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.

Discount Rate

The interest rate that the Federal Reserve charges commercial banks for loans, or a rate used in discounted cash flow analysis to determine the present value of future cash flows.