All of the Following Are Programs That Redistribute Income by Making

question 61

Multiple Choice

All of the following are programs that redistribute income by making direct payments to people in the lower part of the income distribution EXCEPT

• A) social security programs.
• B) welfare programs.
• C) Individual Retirement Accounts.
• D) unemployment compensation.

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Definitions:

Outstanding Checks

Checks that have been written and recorded in the issuing account but have not yet been cashed or cleared by the bank.

Checks Outstanding

Checks outstanding refer to checks that have been written and recorded in accounting books but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a company but have not yet been recorded by the bank.

Outstanding Checks

Checks that have been written and recorded in the check register but have not yet been cashed or cleared by the bank.