Match the Description in the Left Column with One of the Two

question 35

Multiple Choice

Match the description in the left column with one of the two programs in the right column. The same letter may be used more than once.
-​Financed by trust funds from Social Security

• A)Medicaid
• B)Medicare

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Definitions:

Discount

A reduction to the usual price of goods or services, or in finance, the difference between the face value of a bond and its selling price.

Forego Discount

Choosing not to take advantage of early payment discounts offered by suppliers or creditors.

Costly Trade Credit

Refers to the high cost associated with the short-term financing obtained by buyers from suppliers when they choose to delay payment.

Gross Purchases

The total amount of all purchases made by a business before deducting any discounts, returns, or allowances.