Which of the Following Statements Distinguishes the American Middle Class

question 48

Multiple Choice

Which of the following statements distinguishes the American middle class from the working class?

• A)The middle class serves as its own reference group.
• B)The middle class emulates the upper Americans.
• C)The middle class receives public housing,food stamps,and Medicaid.
• D)The middle class has lower income levels than the working class.

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Definitions:

Demand Deposits

Money in bank accounts that can be withdrawn "on demand" without any advance notice.

Junk Bonds

High-yield bonds that carry a higher risk of default compared to investment-grade bonds, typically issued by companies with lower credit ratings.

Real Estate Loans

Loans specifically provided for purchasing property, including both residential and commercial properties.

Medium Of Exchange

Items sellers generally accept and buyers generally use to pay for a good or service; the primary job of money.