Distinguish Between the Following Classes: Working Class,working Poor,and Underclass

question 29

Essay

Distinguish between the following classes: working class,working poor,and underclass.How does belief in the America dream promote the idea of social equality rather than social inequality thus making people responsible for falling into the above three classes?

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Definitions:

Depositary Bank

A financial institution that holds and manages securities for its clients, facilitating the trading of these securities.

Payor Bank

The bank that is directed by a check or draft to pay a certain amount of money to the person or entity named on the check.

On-Us Item

A banking term referring to a check or draft that is presented for payment by the same bank upon which it is drawn.

Stale Check

A check that is not presented to a bank within six months of its date.