List Three of the Major Changes for Benefit Recipients That

question 20

Essay

List three of the major changes for benefit recipients that occurred when moving from AFDC to TANF.

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Definitions:

Depository Institution

A financial institution that accepts deposits from the public and provides credit facilities and other financial services.

Pension Fund

A pool of assets forming an independent legal entity that is used to generate stable growth for future pension payments.

Legal Tender

The money that is officially recognized by a government as a valid form of payment that must be accepted for debts.

Commodity Money

Money that has intrinsic value, such as gold or silver, which can serve as a medium of exchange, a unit of account, and a store of value.