Which of the Following Is an Accurate Summary of the Changing

question 25

Multiple Choice

Which of the following is an accurate summary of the changing household incomes in the United States between 1967 and 2012?

• A) Both the mean and median incomes rose but mean incomes increased more
• B) The mean income fell while the median income rose
• C) Both mean and median incomes fell
• D) The median income fell while the mean income rose

---

Definitions:

Employee Stock Option (ESO)

An option granted to an employee by a company giving the employee the right to buy shares of stock in the company at a fixed price for a fixed time.

European Options

Financial derivatives that give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on the expiration date, unlike American options which can be exercised at any time before expiry.

European Options

Options that can only be exercised at the expiration date, not before.

Expiration Date

The date on which an option, futures contract, or similar financial instrument becomes void and the right to exercise it ceases.