A Major Criticism of AFDC Was That ______

question 44

Multiple Choice

A major criticism of AFDC was that ______.

• A) it had no work provision
• B) families were able to receive aid only for a short period of time
• C) the aid to most families was not sufficient to meet basic needs
• D) too many poor people received no aid
• E) benefits did not increase with family size

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Definitions:

Spot Rate

The immediate market value at which a particular currency can be acquired or disposed of.

Forward Contract

A financial derivative that represents a contract between two parties to buy or sell an asset at a specified future date for a price that is agreed upon today.

Fair Value Hedge

A hedging strategy used to mitigate risk by matching the fair value of an asset or liability through a financial derivative.

Merchandise Inventory

Goods held by a business for the purpose of sale to customers in the ordinary course of business.