The Men Who Signed the Declaration of Independence Were the Elite

question 12

True/False

The men who signed the Declaration of Independence were the elite of their colonies, men of wealth and social standing.

---

Definitions:

Income

Money that an individual or business receives, typically as a return on investment, labor, or sale of goods and services.

Interest Rate

The fraction of a loan incurred as interest by the borrower, often represented as an annual percentage of the remaining loan balance.

Savings

The portion of income not spent on current consumption, typically set aside for future use or investment.

Utility Function

A mathematical representation of how a series of choices align with an individual's preferences, showing satisfaction levels among various sets of goods and services.