In 2006,the Typical Bangladeshi Had About

question 62

Multiple Choice

In 2006,the typical Bangladeshi had about

• A) 1/5 the real income of a typical American a century ago.
• B) 2/3 the real income of a typical American a century ago.
• C) 2 times as much real income as that of a typical American a century ago.
• D) 4 times as much real income as that of a typical American a century ago.

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Definitions:

Income Level

The term income level refers to the amount of money earned by an individual, household, or economic entity within a specific period, often categorized for statistical analysis.

Large Denomination

Refers to currency or financial instruments that are issued in large values, typically used in major transactions or as a store of value.

Time Deposit

A deposit in a financial institution that requires notice of withdrawal or must be left for some fixed period of time.

Junk Bonds

High-risk, high-yield bonds issued by companies with lower credit ratings, reflecting a greater risk of default but offering higher returns to compensate investors.