A Major Reason Why the Median Wealth of White Families

question 168

Multiple Choice

A major reason why the median wealth of white families is much higher than that of black (and Latino) families is because of:

• A) housing equities that a majority of whites have built up over generations of discrimination limiting black and Latino access to buying houses.
• B) educational access that a majority of whites has had over generations of discrimination limiting black and Latino access to education.
• C) employment access that a majority of whites has had over generations of discrimination limiting black and Latino to higher-paying jobs.
• D) wealth in the form of interest-bearing bank accounts and stock in companies that whites have built up over generations of discrimination limiting black and Latino access to the same.

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Definitions:

Equivalent Single Discount

A method used in accounting to consolidate multiple trade discounts into one single discount, simplifying the calculation process.

Discount Date

The specified date by which a payment can be made at a reduced rate or a debt settled to avail a discount.

Due Date

The due date is the specified day when a payment, task, or submission is required to be completed or paid.

Remittance

The act of sending money in payment or as a gift.