Since 1959 When the Official Data on the Poverty Rate

question 200

Multiple Choice

Since 1959 when the official data on the poverty rate began, the poverty rate was at its highest in

• A)1959.
• B)1968.
• C)1977.
• D)1986.

---

Definitions:

Arbitrage

The practice of taking advantage of price differences in different markets to make a profit.

Money Markets

Financial markets focused on short-term borrowing and lending with maturities of less than one year, dealing in instruments like Treasury bills and commercial paper.

Short-Term Debt

Borrowings that are due to be paid back within a short period, typically less than one year.

Long-Term Equities

Investment securities that represent ownership in a company or corporation and are held for a period longer than one year.