Socioeconomically, Which Group Has "Made It" to the Largest Degree

question 16

Multiple Choice

Socioeconomically, which group has "made it" to the largest degree in the United States?

• A)Latinos
• B)African Americans
• C)Italian Americans
• D)Native Americans

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Definitions:

Face Amount

The nominal value or principal amount of a security stated by the issuer, due to be paid at maturity.

Straight-Line Method

A method of calculating depreciation of an asset, which spreads the cost of the asset evenly over its useful life.

Bond Premium

The amount by which the market price of a bond exceeds its principal amount or face value.

Discount on Bonds Payable

The gap between a bond's face value and its market selling price, occurring when the bond sells below its nominal value.