Examlex

Solved

You Have a Checking Account and a Separate Savings Account

question 37

Multiple Choice

You have a checking account and a separate savings account in your neighborhood bank. You've recently moved and gave the bank your new address for your checking account. You forgot all about the savings account. About three months later you receive a letter about your savings account which was sent to the wrong address. This is an example of __________.


Definitions:

Panhandles

A geographic term used to describe a narrow extension of a territory or state projecting from its main body, resembling the handle of a pan.

Absolute Poverty

A condition where individuals lack the basic necessities of life, such as food, clothing, and shelter, measured by predefined income thresholds.

Homeless

A state of having no permanent residence, often resulting in living on the streets, in shelters, or in temporary and inadequate accommodations.

Transitional Poverty

Occurs when a person is living in poverty for a limited period of time; usually results from an event or life circumstance, such as the unexpected loss of employment.

Related Questions