Core Nations Have Several Different Classes That Consist of All

question 18

Multiple Choice

Core nations have several different classes that consist of all but which of the following?

• A) poor
• B) the peasant class
• C) working class
• D) capitalist class
• E) professional/management (upper middle) class
• F) lower-middle class

---

Definitions:

Total Debits

The sum of all debit entries in an account, which can represent increases in assets or expenses, and decreases in liabilities, equity, and income.

Total Credits

The sum of all credit entries in an accounting system, representing the total amount by which liabilities, equity, and revenue accounts increase.

Trial Balance

An accounting report that lists the balances of all ledgers accounts in order to ensure that total debits equal total credits.

Financial Transaction

A financial transaction refers to an agreement, or communication between a buyer and seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals.