In 2014, the Portion of the U

question 63

Multiple Choice

In 2014, the portion of the U.S. population that lived in poverty was

• A) about 1 percent.
• B) about 5 percent.
• C) about 15 percent.
• D) about 25 percent.

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Definitions:

Single Payment

A one-time transfer of money to settle a liability or make a purchase.

Payment Obligations

Financial liabilities or commitments that an entity is required to pay to another party.

Simple Interest Rate

The percentage of the principal amount that is paid as interest for a specific period.

Equal Payments

Regular payments of the same amount made over a specified period, often used in loans and annuities.