The Social Security Act of 1935 Provided All of the Following

question 9

Multiple Choice

The Social Security Act of 1935 provided all of the following except

• A) unemployment insurance.
• B) old-age pensions.
• C) economic provisions for the blind and disabled.
• D) support for the blind and physically handicapped.
• E) health care for the poor.

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Definitions:

Financing Activity

Transactions related to a company’s financing efforts, including issuing debt, obtaining loans, or issuing shares of stock.

Cash Equivalent

Short-term, highly liquid investments that can be easily converted to a known amount of cash.

Liquid Asset

Assets that can be quickly and easily converted into cash without significant loss in value.

Noncash Investing

Transactions involved in investing activities that do not involve immediate cash flow, such as exchanging one asset for another.