Which of the Following Is True About Cultural Change in the United

question 22

Multiple Choice

Which of the following is true about cultural change in the United States?

• A)Elderly Americans are less socially engaged now than they were forty years ago.
• B)On average,Americans are less likely to belong to formal organizations than they were forty years ago.
• C)Americans socialize more now than they did forty years ago.
• D)Americans are more trusting now than they were forty years ago.
• E)Few Americans bowl now,whereas forty years ago the vast majority of American adults bowled.

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Definitions:

Discounted Note

A promissory note or bond sold at a price lower than its face value, which will pay the face value at maturity.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the correct period.

Interest Income

Income earned from investments, savings, or credit extended, such as interest on bonds, savings accounts, or loans provided to others.

Interest Accrued

The amount of interest that has been earned or incurred but has not yet been paid or received.