Over the Course of the Last Century, Although Living Standards

question 77

Multiple Choice

Over the course of the last century, although living standards have risen, the extent of global inequality has

• A) stayed about the same.
• B) decreased sharply.
• C) become somewhat smaller.
• D) increased.

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Definitions:

Traveler's Checks

Traveler's Checks are preprinted, fixed-amount checks designed to allow the person signing them to make payments or exchange them for cash while traveling, offering a secure alternative to carrying cash.

Checking Account

A bank account that allows the account holder to make deposits, withdraw cash, and write checks for daily transactions.

Debit Cards

Plastic payment cards that deduct money directly from a consumer's checking account to pay for purchases, different from credit cards that borrow money from a line of credit.

Real Estate Prices

The amount of money required to purchase property, including land and buildings, which can fluctuate based on demand, location, and economic conditions.