A Farmer with a High School Diploma Who Makes $115,000

question 77

Multiple Choice

A farmer with a high school diploma who makes $115,000 a year,lives in a large home,and drives an expensive car is most likely to be in which class category?

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

---

Definitions:

Stored-value Money

A type of electronic money that is stored on a card or a digital wallet, representing a claim on a predefined amount of currency.

Gift Cards

Prepaid stored-value money cards issued by a retailer or bank, used as an alternative to cash for purchases within a particular store or related businesses.

Electronic Checks

Electronic checks, or e-checks, are a form of digital payment where money is electronically withdrawn from the payer's checking account, transferred over the ACH network, and deposited into the payee's account.

B2B

Business-to-Business, describing transactions or relationships between two companies, as opposed to between a company and individual consumers.