The Common Ideology of a Class System States That Success

question 53

Multiple Choice

The common ideology of a class system states that success and wealth result mainly from

• A)sheer luck.
• B)family background.
• C)flaws in society.
• D)personal talent and effort.

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Definitions:

Discount Rate

The interest rate charged by central banks on loans to commercial banks or the rate used in discounted cash flow analysis to determine present value.

Simple Interest

Interest determined strictly on the base amount, or on the unpaid segment of that base amount.

Term Deposit

A deposit held at a financial institution for a fixed term that offers a fixed interest rate, where withdrawing money before the term ends usually incurs a penalty.

Bookkeeper

A person responsible for recording the financial transactions and maintaining the financial records of a business.