Choose the One Alternative That Best Completes the Statement or Answers

question 33

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The table below shows the results of a consumer survey of annual incomes in 100 households. $$\begin{array} { l | c } \text { Income } & \text { Number of households } \\\hline \$ 0 - 14,999 & 7 \\\hline \$ 15,000 - 24,999 & 20 \\\hline \$ 25,000 - 34,999 & 30 \\\hline \$ 35,000 - 44,999 & 26 \\\hline \$ 45,000 \text { or more } & 17\end{array}$$ What is the probability that a household has an annual income less than $25,000?

• A) 0.57
• B) 0.2
• C) 0.27
• D) 0.73

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Definitions:

Open Market

A venue or environment in which financial securities, commodities, and assets are bought and sold without restrictions.

Government Securities

Financial instruments issued by a government to finance its projects and operations, commonly involving debt securities like bonds.

Interest Rates

The segment of a loan assessed as interest for the borrower, traditionally displayed as a yearly percentage of the loan's outstanding amount.

Tight Money Policy

A monetary policy that makes borrowing money more expensive and less accessible in order to reduce inflation.