What Is Unusual About the Class System in the United

question 51

Multiple Choice

What is unusual about the class system in the United States?

• A) Many people deny the existence of classes.
• B) There is a very high degree of social mobility.
• C) Classes are not directly related to wealth.
• D) We have a low degree of inequality between classes.

---

Definitions:

Instrument

A legal document formally evidencing an obligation or right, such as checks, promissory notes, or securities.

Holder

A person who is in possession of a negotiable instrument that is issued or indorsed to that person’s order or to bearer.

Negotiable Instrument

A written document that is signed by the maker or drawer and that contains an unconditional promise or order to pay a certain sum of money on delivery or at a definite time to the bearer or to order.

Holder in Due Course

A legal term describing a party who has acquired a negotiable instrument in good faith and for value, thereby having certain protections against defenses and claims.