Which of the Following Was a Component of President George

question 67

Multiple Choice

Which of the following was a component of President George W. Bush's plan to scale back social programs?

• A) end the War on Poverty
• B) add a prescription drug plan to Medicare
• C) privatize portions of Social Security
• D) eliminate Medicaid
• E) eliminate Medicare

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Definitions:

Negotiable Instrument

A formal written notice ensuring a particular sum of money will be paid, either immediately when asked or at a certain date, with the document specifying who is to pay.

Promissory Note

A written, legally binding document in which one party promises to pay another a specific sum of money, either on demand or at a defined future date.

Maker

The individual or entity that creates or signs a promissory note, thereby agreeing to pay the note's value at maturity.

Certified Check

A type of check for which the issuing bank guarantees the availability of funds by verifying and setting aside the check amount.