Involuntary Part-Time Workers Are

question 174

Multiple Choice

Involuntary part-time workers are

• A) chronically unemployed.
• B) considered out of the labour force.
• C) short-term unemployed workers.
• D) not counted as unemployed.
• E) long-term unemployed workers.

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Definitions:

Traveler's Checks

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of the payee's acceptance.

Credit Card

A payment card issued by financial institutions that allows the cardholder to borrow funds for purchases or cash advances, subject to a line of credit.

Loan Issuer

An entity, such as a bank or financial institution, that provides loans to borrowers under agreed terms and conditions.

Debit Cards

A payment card that deducts money directly from a consumer's checking account to pay for a purchase, unlike credit cards which borrow money that must be repaid.