Which Statement Describes How Most Welfare Programs Are Financed and Implemented

question 24

Multiple Choice

Which statement describes how most welfare programs are financed and implemented?

• A) The federal government provides much of the funding and state governments manage the programs.
• B) State governments provide funding for the programs that are managed by the federal government.
• C) States fund and manage the programs.
• D) The federal government funds and manages the programs.

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Definitions:

Excess Reserves

Funds that banks hold over and above the legal requirements, which can influence their ability to lend.

Deposits

Funds placed into an account at a financial institution for safekeeping and to earn interest.

Excess Reserves

Excess reserves are the funds that banks hold over and above the required minimum reserves mandated by central banking regulations, often stored in central banks.

Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury. They carry a fixed interest rate and have maturities ranging from 20 to 30 years.