When It Comes to Wealth, the Top 1% of Americans

question 37

Multiple Choice

When it comes to wealth, the top 1% of Americans own _____ of the country's net worth.

• A) 99%
• B) 75%
• C) 40%
• D) 20%

---

Definitions:

Nominal Interest Rate

The rate of interest before adjustments for inflation, representing the surface rate charged on loans or earned on investments.

Savings Account

A deposit account held at a financial institution that provides principal security and a modest interest rate.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Interest Rate R

Refers to the cost of borrowing money, often expressed as a percentage of the amount borrowed over a specific period.