Which of the Following Generalizations About Race and Aging Is

question 26

Multiple Choice

Which of the following generalizations about race and aging is inaccurate?

• A) The median net worth of older White families is far higher than that of older African American families.
• B) The life expectancy of Whites is longer than the life expectancy of racial minorities.
• C) The poverty rates of elderly Americans in all racial groups are approximately the same.
• D) Racial minorities are less likely than Whites to receive full-time skilled nursing home care.

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Definitions:

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations.

Held-to-Maturity Securities

Investment securities that a company has the intent and ability to hold until a specified maturity date.

Interest Revenue

Income earned from lending investments or depositing funds in interest-bearing accounts, often reported on the income statement.

Held-to-maturity Securities

Held-to-maturity Securities are debt securities that an investor intends and is able to hold until their maturity date, recorded at amortized cost in financial statements.