Which of the Following Groups Is the LEAST Likely to Be

question 310

Multiple Choice

Which of the following groups is the LEAST likely to be poor?

• A) college graduates
• B) minorities
• C) single females
• D) people without high school degrees

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Definitions:

Compounded Annually

Interest that is calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan, done once a year.

Compounded Monthly

This refers to the calculation of interest on the initial principal and the accumulated interest over previous periods on a monthly basis.

Investor

An entity or individual who commits funds hoping to achieve monetary rewards.

Compounded Semi-Annually

Describes the method of determining interest by applying it to both the original amount of money invested or loaned and any interest that has already been added to that amount, occurring two times annually.