During the Last Two Decades, Most of the Surplus Generated

question 211

Multiple Choice

During the last two decades, most of the surplus generated by the Social Security system was

• A) used to finance current government expenditures.
• B) invested in government bonds that will make it possible for the federal government to pay future retirement benefits without an increase in federal taxes.
• C) used to pay down the national debt.
• D) invested in bonds offered by foreign governments and businesses that will provide a stream of future income for the finance of retirement benefits.

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Definitions:

Arrives

The act of reaching a destination or coming into presence at a specific place or time.

Mixed Numbers

A number consisting of an integer and a fraction, such as 3 1/2, used to represent quantities that exceed whole numbers.

Lowest Terms

Refers to a fraction that is simplified to its smallest possible numerator and denominator without changing its value.

Fractions

A numerical quantity that is not a whole number, representing a part of a whole.