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Before the Passage of the Personal Responsibility and Work Opportunity

question 45

Multiple Choice

Before the passage of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996, there was an unmistakable ____ flavor to the welfare system.


Definitions:

Russell 2000

An index measuring the performance of approximately 2000 smallest-cap American companies in the Russell 3000 Index.

DJIA

An abbreviation for the Dow Jones Industrial Average, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

Bank Insolvency

A situation where a bank's liabilities exceed its assets, rendering it unable to meet its obligations.

Certificates of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank to a depositor.

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