Welfare Reform in 1996 __________

question 29

Multiple Choice

Welfare reform in 1996 __________.

• A) required those on welfare to get a job immediately
• B) capped welfare assistance at fifteen years
• C) made large cuts in funding to the poor
• D) created new education programs for poor children

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Definitions:

Acid Test Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets.

Short-Term Debt

Borrowings and financial obligations that are due for repayment within one year.

Interest Payments

The payment that a borrower makes to a lender for the use of money, usually expressed as an annual percentage of the loan amount.