Which Statement Is True

question 139

Multiple Choice

Which statement is true?

• A)There are no professions where women earn more than their male counterparts.
• B)In most occupations,women earn about the same as men.
• C)The wage gap between women and men has somewhat widened over the last 40 years.
• D)Today,the great divide between the haves and the have-nots is a college degree.

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Definitions:

Interest

The charge for borrowing money or the amount earned on deposited funds, typically expressed as a percentage of the principal amount.

Compounded Semiannually

Interest calculation method where the interest rate is applied twice a year, resulting in interest on interest being added to the principal.

Monthly Compounded

Monthly Compounded refers to the process of applying interest to an initial sum and its previously accumulated interest at monthly intervals.

GIC

Guaranteed Investment Certificate; a Canadian investment that offers a guaranteed rate of return over a fixed period.