In a Radio and Internet Address on a Saturday in June

question 83

Multiple Choice

In a radio and Internet address on a Saturday in June 2010, President Obama assured Americans that they

• A)would receive universal health care.
• B)would find Obama Care much more affordable.
• C)could keep both their current coverage and doctor.
• D)would find coverage through exchanges preferable to employer coverage.

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Definitions:

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A financial metric indicating the value of a series of cash flows over time in today's dollars.

Capital Budgeting

The process a business undertakes to evaluate potential major investments or expenditures to ensure financial viability and return on investment.

Tax Haven

A country or jurisdiction with very low or no taxes, often used by businesses and wealthy individuals to reduce their tax liability.

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An independent organization that establishes accounting standards, aiming for global harmonization.