Read the Following Statements About U

question 109

Multiple Choice

Read the following statements about U.S. community colleges. Which statement is NOT correct?

• A) Community college enrollments have declined sharply during the recent economic recession.
• B) Community colleges enroll half of all African American and Hispanic undergraduates.
• C) Community college faculty focus their efforts on classroom teaching rather than research.
• D) Community colleges place higher education within the financial reach of millions of people.

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Definitions:

Tax-Exempt

Financial earnings or transactions that are free from taxation.

Tax Bracket

The range of incomes taxed at particular rates, which increases progressively with higher earnings.

Corporate Bond

A type of debt security issued by corporations to raise capital, with the promise to repay the principal along with interest on specified dates.

Tax-Exempt

Financial earnings that are not subject to taxation by the government, often applied to certain bonds and municipal securities.