Since the 1950s, the Share of Measured Income Received by the Lowest

question 133

True/False

Since the 1950s, the share of measured income received by the lowest fifth of families has risen.

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Definitions:

Term Bond

A type of bond that has a specific maturity date on which the principal or par value is repaid to the investors.

Face Value

The nominal or original value of a security or financial instrument as stated by the issuer, unrelated to its market value.

Specific Date

Refers to a detailed and exact date on the calendar specified for an event or deadline.

Premium

The excess of the issue price of a stock over its par value or the excess of the issue price of bonds over their face amount.