When Class Is Defined According to Occupation,people Are Classified as Middle

question 7

Multiple Choice

When class is defined according to occupation,people are classified as middle class or upper middle class if at least one family member is __________.

• A)in a blue-collar position
• B)in a managerial position
• C)in a pink-collar position
• D)engaged in service work

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Definitions:

Compounded Semiannually

Interest calculated twice per year, with the first period's interest being added to the principal before the second period's interest is calculated.

Strip Bond

A financial instrument obtained by separating the coupons from the principal of a bond, which then sells each part as a zero-coupon bond.

Semi-Annually Compounded

Pertaining to the interest calculation method where the interest is compounded and added to the principal amount twice a year.

Compounded Annually

The process of earning interest on both the initial principal and the accumulated interest from previous periods on an annual basis.