In 2003, the Federal Government Passed a New Component to Medicare

question 58

Multiple Choice

In 2003, the federal government passed a new component to Medicare. This component, identified as Part D, covers:

• A) physical disability equipment.
• B) at-home medical care.
• C) prescription drugs.
• D) emergency room hospital care.
• E) mental health services.

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Definitions:

British Security

A financial instrument issued in the UK that represents either equity in a company, debt obligations, or other rights to ownership or profit.

Forward Rate

An agreed-upon price for a financial transaction that will occur at a future date.

International Fisher Effect

A theory stating that the difference in nominal interest rates between two countries is equal to the expected change in their exchange rates.

Inflation Rate

The pace at which prices for general goods and services escalate, causing a decline in the ability to purchase.