Which of the Following Is the Best Definition of a Household

question 6

Multiple Choice

Which of the following is the best definition of a household?

• A) All the people who live in one housing unit
• B) All people who are related by birth, marriage, or adoption
• C) Two or more people related by birth, marriage, or adoption who live in one housing unit
• D) The style of life created by the people who live in a household

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Definitions:

Amortization

The process of gradually writing off the initial cost of an asset over its useful life or pay down the principal of a loan over time.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing corporation.