Which of the Following Is Not True About Income Quintiles

question 59

Multiple Choice

Which of the following is not true about income quintiles?

• A)Only one in seven households in the bottom quintile has anybody working full time
• B)Only one in three households in the top quintile has anybody working at all
• C)A primary contributor to the smaller share of income going to the bottom quintile has been the
• Growth of single­parent households
• D)Three out of four households in the top quintile have two or more working
• E)A primary contributor to the larger share of income going to the top quintile has been the growth of two­
• Earner households

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Definitions:

Forward Contract

A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Spot Rates

The current cost at which one can buy or sell a certain currency, ready for instant delivery.

Merchandise

Items or products that a company buys to sell to its customers in the course of its business.

Journal Entries

The foundational records in accounting that detail all financial transactions, using debits and credits to maintain balance.