As of 2015 What of the Following Is the Largest

question 88

Multiple Choice

As of 2015 what of the following is the largest percentage of household expenditures in Canada?

• A)Food
• B)Transportation
• C)Household operation
• D)Clothing
• E)Education

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Definitions:

Put Option

A financial contract giving the buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Striking Price

The predetermined price at which the holder of an option can buy or sell the underlying security.

Cumulative Feature

A characteristic of certain preferred stocks or securities where unpaid dividends accumulate and must be paid before dividends to common stockholders.

Common Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders known as common shareholders.