Which of the Following Statements About Social Class Is False

question 327

Multiple Choice

Which of the following statements about social class is false?

• A) The various classes tend to have different attitudes.
• B) The various classes tend to save money in different ways.
• C) Income by itself can be a pretty good measure of social class.
• D) The various classes tend to have different beliefs.
• E) The various classes tend to borrow money in different ways.

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Definitions:

Four-Year Loan

This is a loan that has a term or maturity of four years from the date of initiation, requiring repayment over that time frame.

Interest Rate

The interest rate is the percentage charged on the total amount of borrowed money or paid on invested capital, reflecting the cost of borrowing or the return on investment.

Inflation Adjustment

A change made to financial figures to account for the effects of inflation and maintain the purchasing power of money over time.

5-Year Loan

A type of loan that is scheduled to be repaid through payments over a period of five years.