Approximately What Percentage of Wealth Is Owned by the Top

question 34

Multiple Choice

Approximately what percentage of wealth is owned by the top 20 percent of American households?

• A) 10 percent
• B) 30 percent
• C) 60 percent
• D) 90 percent

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Definitions:

Secondary Market

A market where investors purchase securities or assets from other investors, rather than from issuing companies directly.

Original Issuance

The first time that securities, such as stocks or bonds, are offered for sale to the public or private investors.

Securities

Financial instruments that represent ownership positions in corporations, creditor relationships with corporations or governmental bodies, or rights to ownership as represented by an option.

Capital Structure

Refers to the way a company finances its assets through a combination of debt, equity, and other securities.