"I Don't Understand," a Woman Said

question 14

Multiple Choice

"I don't understand," a woman said."I know I'm eligible for Medicare part A and it's free.Part B isn't free.When will I ever use it?" Which would be the most appropriate response by the nurse?

• A)"Part A is only for hospital bills.Most care is given on an outpatient basis.Part B pays a large portion of those costs."
• B)"Part A is a benefit because you paid into Social Security for more than 10 years.In comparison,part B is optional if you want that additional insurance."
• C)"Part B is easy to pay for; they take the cost out of your Social Security check each month."
• D)"Researchers have found that people don't waste health care resources if they have to pay a bit for them."

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Definitions:

Nonbanking Public

The segment of the economy that does not include banks or financial institutions, generally referring to average consumers and businesses.

Money Supply

The complete tally of money-based assets available within an economy at a certain point, counting coins, cash, and holdings in savings and current accounts.

Reserve Requirement

A rephrased definition of Required Reserves: The regulation set by central banks determining the minimum amount of deposits that banks must hold as reserves and not lend out.

Discount Rate

The interest rate charged by central banks for loans to their member banks, influencing monetary policy and economic conditions.