Which of the Following Is an Example of Socioeconomic Class

question 18

Multiple Choice

Which of the following is an example of socioeconomic class

• A)Parent's level of education and occupation
• B)Family's social status
• C)Family's income
• D)All of the above

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Definitions:

Financial Planning

The process of creating strategies for managing financial resources effectively to meet life goals.

Retirement Annuity

A financial product that provides a stream of payments to an individual after retirement, funded through either periodic or lump sum contributions.

IRA

An Individual Retirement Account, a financial tool used in the United States to save for retirement with tax advantages.

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.