The Tax Equity and Fiscal Responsibility Act of 1982 Resulted

question 20

Multiple Choice

The Tax Equity and Fiscal Responsibility Act of 1982 resulted in ____.

• A) fee-for-service plans for Medicare
• B) preferred provider insurance plans
• C) a prospective payment system for Medicare
• D) for-profit hospital corporations

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Definitions:

Availability Float

The time difference between when a deposit is made in a bank account and when the amount becomes available for use.

Collection Float

The time gap between when a check is deposited into a bank account and when the funds become available.

Opportunity Cost

Opportunity cost refers to the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Net Float

The difference between checks written against and deposited in an account and those that have been cleared and charged against the account.