The Latest Data Show That Welfare Reform Has

question 70

Multiple Choice

The latest data show that welfare reform has

• A) brought about a sharp drop in the poverty rate.
• B) increased the number of single parents receiving benefits.
• C) drastically cut spending on welfare.
• D) cut the number of households receiving welfare by about half.

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Definitions:

Interest Rate Risk

The risk that changes in interest rates will negatively affect the value of an investment, especially those with fixed interest rates.

Coupon

The interest rate stated on a bond when it's issued, which represents the annual interest payment made to bondholders.

Payable Semiannually

This term indicates that a payment, often in the context of bond interest or dividends, is made twice a year.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, including both interest payments and capital gains.