Solved

Among the Superrich,some People Are Considered "Old Money" and Others

Question 34

Multiple Choice

Among the superrich,some people are considered "old money" and others are considered "new wealth." What is the difference?


A) "Old money" refers to people who made their fortunes in traditional manufacturing industries,while "new wealth" refers to people who were information technology innovators.
B) "Old money" refers to people who are socially conservative and support conservative causes,while "new wealth" refers to people who are socially progressive and support liberal causes.
C) "Old money" refers to people who come from families that have been in the United States for several generations,while "new money" refers to people who are first- or second-generation immigrants.
D) "Old money" refers to people who own wealth passed down to them by earlier family generations,while "new wealth" refers to people who made their money as entrepreneurs.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents