In the General Social Survey,3

question 37

Multiple Choice

In the General Social Survey,3.2 percent of Americans identify as

• A) upper class.
• B) middle class.
• C) working class.
• D) lower class.

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Definitions:

Repurchase Shares

The action by a company to buy back its own shares from the marketplace, reducing the amount of outstanding stock.

Deceased Shareholder

A situation where a shareholder of a company passes away, triggering legal and financial actions regarding the ownership of the shares.

Flotation Costs

Expenses incurred by a company in issuing new securities, including underwriting fees, legal fees, and registration fees.

Financial Leverage

The use of borrowed money to increase the potential return of an investment.