Universal Health Insurance

question 62

Multiple Choice

Universal health insurance

• A) is a new concept that developed within the last 20 years.
• B) began in the United States.
• C) is, by definition, insurance provided by the central government itself.
• D) provides help from the government for businesses.
• E) had been adopted by all advanced industrial countries by the twenty-first century except the United States.

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Definitions:

Quarterly

relating to a three-month period or happening every quarter of a year.

Student Loan

A type of loan specifically designed to help students pay for post-secondary education and the associated fees, such as tuition, books, and living expenses.

Compounded Monthly

Interest calculated on a principal amount and then added to that principal sum at the end of each month, effectively increasing the base for future interest calculations.

Quarterly Contributions

Payments or deposits made into an account or investment fund every three months.