Which of the Following Statements Is NOT TRUE About the Extremely

question 33

Multiple Choice

Which of the following statements is NOT TRUE about the extremely poor families?

• A) About 11% of the world's population live on $2/day or less.
• B) They spend 2-4% of their income on alcohol and tobacco.
• C) They spend 2% of their income on their children's education.
• D) There are less than half as many extremely poor families today than 30 years ago.

---

Definitions:

Financial Calculation

The process of applying mathematical methods and formulas to analyze or predict financial outcomes.

Daily Interest

Interest calculated on a daily basis, often used for savings or loan products.

Financial Calculation

The process of determining the financial implications of various financial decisions through computations.

Daily Interest

Daily Interest calculates the amount of interest that accrues each day on a loan or investment, based on the principle and the annual interest rate, divided by the number of days in a year.