A study of consumption patterns among low-income African American schoolchildren in New Haven, Connecticut, revealed that __________
A) the children do not understand the negative effects of overspending when money is available
B) the children learn practical lessons about household finances at a young age
C) the boys are more likely to spend their money on family needs and gifts than girls are
D) girls spend most of their money on clothes for themselves when they shop in a mall
Answer: B
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