Which of the Following Items Was Not Identified in Your

question 50

Multiple Choice

Which of the following items was not identified in your textbook as a demographic characteristic?

• A) age
• B) ethnic background
• C) sexual orientation
• D) socioeconomic status

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Definitions:

Amortization Schedule

A table detailing each periodic payment on an amortizing loan, breaking down the amounts going toward principal and interest.

Compounded Semi-annually

An interest calculation method where interest is added to the principal balance of an investment or loan twice a year, resulting in interest on interest.

Amortization Schedule

A detailed table showing the periodic payments on a loan, with each payment allocated between interest and principal repayment.

Gross Debt Service Ratio

A financial ratio that compares an individual's total monthly debt payments to their gross monthly income.