Unemployment Compensation Is an Example of

question 257

Multiple Choice

Unemployment compensation is an example of

• A) a subsidized service.
• B) a regressive income program.
• C) a Social Security benefit.
• D) an income maintenance program.

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Definitions:

Confirmed Letter of Credit

A letter of credit that has an additional guarantee by a second bank, ensuring payment under the letter of credit if the issuing bank fails to do so.

Seller's Bank

A bank appointed by a seller, often in trade transactions, to handle the documentation and receipt of payment from the buyer.

Liability

A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.

Negotiable Bill of Lading

A document issued by a carrier that guarantees the delivery of goods to a specified party and can be transferred by endorsement to others.