The Main Reason That College Graduates Earn More Than High

question 280

Multiple Choice

The main reason that college graduates earn more than high school dropouts is

• A)the college graduate has learned very useful skills in college.
• B)the college graduate has the personal characteristics that are useful in today's job market.
• C)they have better connections.
• D)they are virtually guaranteed good jobs when they graduate.

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Definitions:

360-Day Year

This is a simplified method used in some financial calculations where the year is assumed to have 360 days for ease of interest computation.

Total Amount

The complete sum or quantity of something, encompassing all components or elements.

Ordinary Interest

Interest that is calculated based on a 360-day year, often used in banking and finance for simplifying interest calculations on loans and investments.

Exact Interest

This refers to the method of calculating interest based on a 365-day year or actual number of days in a month, providing a precise interest calculation.