The So-Called "New Middle Class" Is Defined by

question 45

Multiple Choice

The so-called "new middle class" is defined by

• A)personal acquisition of capital.
• B)inheritance of capital.
• C)lower prestige than the "old middle class."
• D)higher prestige than the "old middle class."
• E)the ownership of knowledge.

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Definitions:

Collection Funds

Monies that are being gathered or have been gathered for a specific purpose, often related to financial transactions or payments.

T-Bills

Short-term government securities issued at a discount from par value, which mature and pay back the full face value.

Cheque Size

Cheque size typically refers to the amount of investment money a party is willing to commit in a deal, transaction, or investment opportunity.

Lockbox System

A service offered by banks to companies for the collection of payment from customers, involving the use of a special post office box to speed up the deposit process.