What Statement Best Describes What Has Happened to the Median

question 45

Multiple Choice

What statement best describes what has happened to the median family income of African Americans over the last decade?

• A) It is presently at a historic high.
• B) Adjusted for inflation, there has been no change.
• C) African-American household income has been declining steadily.
• D) Household income has increased on average, except for married African Americans, who have seen their incomes fall.

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Definitions:

Cash Balance

The amount of currency and liquid instruments in a company's possession that can be readily used for transactions.

Check

A written order directing the bank to pay a certain sum to a designated party.

Check Register

A record book or digital log used to track checks written, deposits made, and current account balances.

Deposit

A sum of money placed into an account or given as a part payment towards a purchase, often to secure it or show commitment.