In the United States, the Average (Median) Number of Children

question 102

Multiple Choice

In the United States, the average (median) number of children per family is now about:

• A) four.
• B) three.
• C) two.
• D) one.

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Definitions:

Factoring Without Recourse

A financial transaction where a business sells its invoices to a third party without the obligation of repurchase if the invoices go unpaid.

Bad Receivables

Amounts owed to a company that are unlikely to be paid by the debtor, often due to financial difficulty.

Troubled Debt Restructuring

A process where terms of an existing debt are modified due to the debtor's inability to pay, often resulting in reduced interest rates or extended payment terms.

Creditor Grants Concession

A situation where a creditor agrees to reduce or restructure a debtor's obligation under financial distress conditions, making it easier for the debtor to manage their debt.