Since Its Inception in 1996, the Temporary Assistance for Needy

question 57

Multiple Choice

Since its inception in 1996, the Temporary Assistance for Needy Families (TANF) program has

• A) increased, rather than reduced, the number of people on welfare.
• B) reduced the number of people on welfare by more than one-half.
• C) aided the poor by automatically increasing welfare payments when inflation occurs.
• D) greatly increased the unemployment rate.

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Medium Of Exchange

An assisting mechanism utilized for the sale, acquisition, or exchange of commodities among different parties.

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Automated Teller Machines, which are electronic banking outlets that allow customers to complete transactions without the need for a branch visit.

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A significant decline in economic activity spread across the economy, lasting from late 2007 to mid-2009, known for being the most severe economic downturn since the Great Depression.

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Charges applied by financial institutions when spending exceeds the amount available in a checking account.