Josh Is a Full-Time College Student Who Is Not Working

question 48

Multiple Choice

Josh is a full-time college student who is not working or looking for a job.The Bureau of Labor Statistics counts Josh as

• A)unemployed and in the labor force.
• B)unemployed but not in the labor force.
• C)in the labor force but not unemployed.
• D)neither in the labor force nor unemployed.

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Definitions:

Petty Cash

A limited fund held in reserve to facilitate the prompt settlement of minor sundry outlays.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value.

Bank Certificates

Short for "bank certificates of deposit (CDs)," which are time-deposit financial products offered by banks with fixed interest rates and maturity dates.

Money Market Funds

Investment funds that invest in short-term debt securities, offering high liquidity with a relatively low level of risk.