What Is an Entitlement Program Designed to Serve the Poor

question 4

Multiple Choice

What is an entitlement program designed to serve the poor that is administered by the state?

• A) Wellness program
• B) Medicare
• C) Medigap
• D) Medicaid

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Definitions:

Impostor Rule

A legal principle that holds a person pretending to be someone else liable for the deception if it results in harm or loss.

Negotiable Instrument

A written agreement promising to pay a designated sum of money, either upon request or at a fixed future date, with the obligor's name mentioned on the document.

Indorsement in Trust

A specification on a negotiable instrument where the indorsement indicates that the endorsee has trustee status, making them responsible for managing the instrument according to trust terms.

Bearer Instrument

A negotiable financial instrument that designates payment to whoever holds the instrument, not requiring ownership to be registered with the issuer.