Which of the Following Is FALSE of Individuals in the United

question 171

Multiple Choice

Which of the following is FALSE of individuals in the United States over 65 years of age?

• A)About 25% of those over 65 years old need assistive devices such as a cane or wheelchair.
• B)About 50% of those over 65 years old are sexually active.
• C)About 90% of those over 65 years old have income levels above the poverty level.
• D)Nearly 90% of those over 65 years old need no help with activities of daily living.

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Definitions:

Collections Float

Float created while funds from customers’ cheques are being deposited and cleared through the cheque collection process.

Disbursement Float

Float created before cheques written by a firm have cleared and been deducted from the firm’s account. Disbursement float causes the firm’s own cheque-book balance to be smaller than the balance on the bank’s records.

Net Float

The difference between a firm’s disbursement float and collections float.

Marketable Securities

Financial instruments and assets that can easily be sold or converted into cash, typically within a year.