Which of the Following Statements About Social Class MOST ACCURATE

question 171

Multiple Choice

Which of the following statements about social class MOST ACCURATE?

• A)Members of the lower social class have a more short-term time orientation and think in concrete rather than abstract terms.
• B)Members of the lower social classes are more likely to think about the future than those in the middle or upper social classes.
• C)The single most important factor in determining social class is a person's financial worth.
• D)Members of the upper social class are less likely to think abstractly and more likely concentrate on the immediate rather than long-term than the other social classes.
• E)Members of the middle social class have little interest in improvement centers or automobile parts stores;they are much more interested in travel and technology.

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Definitions:

Effective Interest Rate

The actual cost of borrowing or the actual yield on savings, taking into account the compounding of interest over time.

Market Interest Rate

The prevailing rate of interest that is available on investments, influencing the cost of borrowing and lending money.

Periodic Bond Interest

Regular interest payments made to bondholders during the life of a bond.

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, used in discounting and investment appraisal.