The Median Net Worth of a Family Whose Head of Household

question 82

Multiple Choice

The median net worth of a family whose head of household has a college education is ________ times higher than one whose head of household does not have a high school diploma.

• A)20
• B)10
• C)8
• D)12

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Definitions:

Receivables Policy

A set of practices a company uses to manage its accounts receivable, which includes how it extends credit and collects debts.

Due Dates

Specific dates by which obligations, such as bill payments or assignments, must be fulfilled or submitted.

Trade Credit

It is a type of commercial financing in which a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Fundamental Benefit

A primary or essential advantage that is intrinsic to a product, service, or activity.