Medicare Is the Primary Source of Income for More Retired

question 58

True/False

Medicare is the primary source of income for more retired individuals in the United States.

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Definitions:

Corporate Bond

A type of debt security issued by corporations to raise capital, with the promise to repay the principal along with interest on specified dates.

Tax-Exempt

Financial earnings that are not subject to taxation by the government, often applied to certain bonds and municipal securities.

Preferred Stock

Nonvoting shares in a corporation, paying a fixed or variable stream of dividends.

Cumulative Dividends

Dividends that are owed to preferred shareholders of a company and must be paid out before dividends can be distributed to common shareholders.