Which of the following statements is true regarding social classes in the United States?

A) Social class is determined by income alone.
B) Lines between social classes in the United States are fixed and rigid.
C) Social classes show distinct product preferences in clothing and automobiles.
D) Wealth is more critical than education level in measuring social class.
E) People are relegated to a permanent social class in the United States.

C

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"Juan owns a 5-year $50,000 term life insurance policy, and Maria owns a $50,000 whole life insurance policy. Which of the following statements is CORRECT?

A) Both policies provide living benefits to the policyowners while alive. B) Juan's policy, but not Maria's, may have an option to convert. C) Juan and Maria will receive the cash surrender value if they cancel their policies. D) Maria's policy, but not Juan's, may have an option to renew."

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The time necessary for a deposited check to clear through the commercial banking system causes

which of the following types of floats? A) transit B) disbursing C) mail D) processing

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