Which Factor Became Increasingly Important for Upward Social Mobility in the 20^th

question 7

Multiple Choice

Which factor became increasingly important for upward social mobility in the 20^th century?

• A) moving from family farms to cities for better economic opportunities
• B) the belief that hard work and thrift would pay off
• C) education
• D) salaried employment, rather than an hourly wage

---

Definitions:

Strip Bond

A fixed-income security derived from the separation of the coupons from the principal of a bond, which are then sold separately as zero-coupon bonds.

Compounded Semiannually

A method of calculating interest where the accrued interest is added to the principal sum and interest is then calculated on the new total twice a year.

Monthly Compounded

Interest calculation in which the interest is added to the principal balance monthly, allowing earnings to increase at a faster rate compared to annual compounding.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous months, on a monthly basis.