Which of the Following Best Defines Consumer Society

question 94

Multiple Choice

Which of the following best defines consumer society?

• A)a society in which goods and services are only purchased by the middle class
• B)a society in which most people have debt
• C)a society in which discretionary consumption is a mass phenomenon
• D)a society in which people with the lowest income prefer to shop online

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Definitions:

Collecting

The action or hobby of gathering items of a particular type, often of cultural, historical, or financial value.

Transferred Check

A check that has been signed over by the original recipient to a new recipient, allowing the latter to cash or deposit the check.

Intermediary

An entity that acts as the middleman between two parties in a transaction, helping to facilitate communication and the exchange of goods, services, or information.

Depositary Banks

Financial institutions that hold securities, such as stocks and bonds, in electronic or physical form for safekeeping and facilitate transactions for these securities.