The Incomes of Middle Class Americans Have

question 42

Multiple Choice

The incomes of middle class Americans have

• A)largely stagnated over the last 40 years.
• B)increased significantly over the last 40 years.
• C)decreased significantly over the last 40 years.
• D)decreased significantly between 1976 and 1996 but have increased significantly
• Since 1996.

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Definitions:

Eurocurrency

Money deposited in a financial centre outside the country whose currency is involved.

Currency Swap

An agreement between two parties to exchange the principal amount and interest in two different currencies.

Spot Market

A market where financial instruments or commodities are traded for immediate delivery.

Expected Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling, as anticipated by consumers, investors, and economists.