Which of the Following Is True Concerning the Distribution of Wealth

question 39

Multiple Choice

Which of the following is true concerning the distribution of wealth in the United States between 1800 and 1860?

• A) Wealth was distributed more equitably throughout society than in the previous century.
• B) There was no significant change in the distribution of wealth during that time.
• C) Wealth was concentrated in the hands of a relatively small number of people.
• D) There was a redistribution of wealth from the wealthiest families to middle-class families.

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Definitions:

Borrowers

Individuals or entities that receive funds from another party under the agreement that the funds will be repaid, typically with interest, over a defined period.

Fixed Interest Rates

Interest rates that remain the same throughout the term of the loan, bond, mortgage, or any financial product.

Interest Rate

The cost of borrowing money expressed as a percentage of the total amount borrowed, or the interest income earned on an investment.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay, at a specified price.