The Unemployment Rate in 2018

question 24

Multiple Choice

The unemployment rate in 2018

• A)was higher than in 2009.
• B)was at its peak for the period 2008-2018.
• C)was higher than the unemployment rate in the United States.
• D)was at about the average peak in the previous three recessions.
• E)was lower than the unemployment rate in the United States.

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Definitions:

Borrower

An individual or entity that receives funds from a lender under the condition of returning it over time, with interest.

Lender

An individual, a financial institution or another entity that provides funds to others with the expectation that the funds will be repaid, typically with interest.

Current Liability

This refers to debts or obligations that are due to be paid within one year or within the normal operating cycle of the business, whichever is longer.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle.