Which Statement Is More Accurate

question 251

Multiple Choice

Which statement is more accurate?

• A)There is virtually no poverty in the United States.
• B)There are a few pockets of poverty in America,but in most of the country there are no signs of poor people.
• C)One effect of the global economy has been the loss of many jobs of various skill levels.
• D)Nearly one half of all Americans are below the poverty line.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuer, which does not necessarily reflect its market value.

Preferred Stock

A category of corporate ownership that ranks above common stock in terms of asset claims and earnings, usually providing fixed dividend payouts.

Guaranteed Dividend

A dividend that is promised to be paid to shareholders of a company out of future earnings or profit.

Noncumulative Preferred Stock

Noncumulative preferred stock is a type of preferred stock where missed dividend payments are not required to be paid back to the shareholder.