It Is Important to Stay Current with Any Additional Change

question 30

Multiple Choice

It is important to stay current with any additional change made to the Affordable Care Act because:

• A)changes may have an impact on health care providers as well as everyone receiving health care.
• B)if one is unaware of how to apply for health care by a certain date,health care will not be available until the following year.
• C)a change in everyone's insurance provider may be mandatory.
• D)insurance companies may drop coverage without notice.

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Definitions:

Discount

The reduction applied to the face value of a bond or the lower than market price of an asset.

Par Value

The face value of a bond or stock as stated by the issuing company, which may differ from its market value.

Market Rate

The prevailing price or interest rate available in the marketplace for goods, services, or securities.

Coupon Rate

The coupon rate is the annual interest rate paid by a bond relative to its face value, expressed as a percentage.