Which of the Following Statements Is Not Correct

question 70

Multiple Choice

Which of the following statements is not correct?

• A) The law requires Social Security to use its surpluses to purchase U.S. Government securities from the Treasury.
• B) Public debt will finance most of the on-budget deficit during the next decade.
• C) The Social Security surplus will finance most of the on-budget deficit during the next decade.
• D) Foreign debt will finance the on-budget deficit during the next decade.

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Definitions:

Health Insurance Providers

Health Insurance Providers are companies or organizations that offer plans aimed at covering the costs of medical care for insured individuals or entities.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of an investment by its cost.

Nearest Hundred Thousand

Rounding a number to the closest increment of one hundred thousand.

Social Security Contributions

Payments made to a government scheme that provides retirement, disability, and survivals benefits, funded through taxes on employers and employees.