Based on Data from 2011,approximately What Percentage of All Income

question 142

Multiple Choice

Based on data from 2011,approximately what percentage of all income in Canada did the bottom fifth of all families receive

• A)1
• B)8
• C)12
• D)48

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Definitions:

Explicit Interest

The interest rate stated in a contract or agreement, not including any compounding interest or hidden fees.

Capital

Financial assets or the value of financial assets used for the creation of goods or services or for investing.

Pledging

The act of providing an asset as security or collateral for a loan, ensuring the lender can claim the asset if the loan is not repaid.

Receivables

Money owed to a company by its clients or customers for goods or services provided on credit.