The TANF Aspect of the Welfare Reform Act

question 44

Multiple Choice

The TANF aspect of the Welfare Reform Act

• A)was a categorical grant that restricted federal assistance to three years but limited state discretion in how to use the funds.
• B)was a block grant that,among other aspects,restricted federal assistance to five years.
• C)was a categorical grant that placed no time restrictions on federal assistance but dramatically limited state discretion in how to use the funds.
• D)was a block grant with no time or activity restrictions on how to use federal funds.
• E)ended direct federal welfare assistance to the states in grants of any form.

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Definitions:

Premium on Bonds Payable

The amount by which a bond's selling price exceeds its principal amount or face value.

Stated Interest

The interest rate declared on a bond or loan, which does not account for compounding.

Bonds Issued

Long-term debt instruments issued by corporations or governmental entities to investors to raise capital, with a promise to pay back the principal along with interest.

Face Value

The nominal value printed on a bond or share, representing its legal value rather than market value.