According to Census Data Households in the Lowest,or Poorest,fifth of the Population

question 128

Multiple Choice

According to census data households in the lowest,or poorest,fifth of the population received only _____ of the income in 1980,whereas households in the highest,or richest,fifth received _____of the income.

• A)4.3 percent; 43.7 percent
• B)3.9 percent; 46.6 percent
• C)3.6 percent; 49.8 percent
• D)3.1 percent; 51.1 percent
• E)15.8 percent; 22.1 percent

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Definitions:

Easily Divisible

Characteristic of a good or asset that can be divided into smaller parts without losing its value proportionately.

Backed by Gold

A financial system or currency that has its value directly linked to gold reserves, ensuring its stability and security.

Federal Open Market Committee

The branch of the Federal Reserve System responsible for overseeing the nation's open market operations and managing the money supply and interest rates.

Reserve Requirements

Regulations set by central banks determining the minimum amount of reserves that banks must hold against deposits.