Which of the Following Statements Is False

question 256

Multiple Choice

Which of the following statements is false?

• A)The national debt is the sum of our deficits minus surpluses from George Washington's administration to the present
• B)Half of the publicly held national debt is foreign owned.
• C)The national debt will have to be paid off eventually or the country will go bankrupt.
• D)Balancing the federal budget during a depression will make the depression worse.

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Definitions:

Per-Claim Transaction Fee

A charge applied each time a claim is processed, typically in healthcare billing or insurance contexts.

Manual Claims Tracking

The process of monitoring and managing insurance claims by hand, without the use of automated systems or software.

Payment Delays

Occurrences when payments to creditors or vendors take longer than agreed upon, often due to administrative issues or financial problems.

Explanation of Benefits (EOB)

A document provided by insurance companies detailing what treatments/services were covered and what payment responsibilities the insured has.