The Eligibility Test for Social Security Is Known as the "Needs

question 48

True/False

The eligibility test for Social Security is known as the "needs" test.

---

Definitions:

Discount Rate

The rate at which future cash flows are discounted back to their present value in DCF analysis.

Grow

To increase in size, number, or importance over a period of time.

Inherited

Received or passed down by inheritance, referring to assets, traditions, genetic traits, or conditions transferred from one generation to the next.

Monthly

Occurring or done once every month.