The Growth of the Black Middle Class Has Been a Cultural

question 16

Multiple Choice

The growth of the black middle class has been a cultural event,partly because it

• A) represents a dramatic change from the historical dominance of first rural and then urban poverty.
• B) fails to encapsulate the ongoing poverty among black families.
• C) whitewashes black family life, imposing a narrative about African American family history on all black families.
• D) celebrates the sexual diversity of black families.

---

Definitions:

Yield

The income return on an investment, such as the interest or dividends received, expressed as a percentage of the investment's cost.

Bond Interest Expense

The cost associated with borrowing funds through the issuance of bonds, representing the interest payments made to bondholders.

Discount

A reduction in the price of goods or services, often to attract consumers or to reward volume purchases.

Effective Interest Method

An accounting technique used to calculate the amortized cost of a bond or loan and to allocate the interest expense over the borrowing's life.