In the Bottom Fifth of the Population Only About ____

question 90

Multiple Choice

In the bottom fifth of the population only about ____ households has anybody working,and only about _____ has anybody working full time.

• A)one in three; one in seven
• B)one in three; one in six
• C)one in three; one in five
• D)one in two; one in seven
• E)one in two; one in six

---

Definitions:

Outstanding Checks

Checks that have been written and recorded in the payer's ledger but have not yet been cashed or processed by the recipient's bank.

Checks Presented

Refers to the cheques that have been submitted for payment by the payee to the bank but have not yet been cleared.

Checks Written

The act of creating checks as payments for expenses, purchases, or obligations by a business or individual.

Bank Reconciliation

The process of matching and comparing figures from banking statements with those in a company’s financial records to ensure accuracy.