The USSocial Security Administration Has Established an Official Poverty Line

question 23

Multiple Choice

The U.S.Social Security Administration has established an official poverty line.The poverty line is computed by:

• A)intercorrelations with the cost-of-living index
• B)determining the cost of a minimally nutritious diet (short-term)and multiplying this figure by three to allow for nonfood costs
• C)estimating the annual cost of living
• D)surveys to determine how much people spend on basic necessities

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Definitions:

Long-Term Loans

Financial obligations that are due for repayment in a period extending beyond one year.

Credit Unions

Member-owned financial cooperatives that provide traditional banking services and typically offer higher interest rates on savings and lower rates on loans.