Which of the Following Is Not a True Statement

question 83

Multiple Choice

Which of the following is not a true statement?

• A) More than half of all individuals in the United States will need long-term care in some period during their life.
• B) Medicare covers most of the expenses associated with long-term care.
• C) The cost of an aide providing basic care at home can exceed $1,000 per week.
• D) For individuals who enter a nursing home, the cost is about $46,000 per year on average.

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Definitions:

Mistakenly Made

Created or performed in error, not aligning with the intended outcome or specification.

Generate Losses

To incur negative financial results, typically by spending more than is earned or received in revenue.

Capital Market

A financial market in which long-term debt and equity-backed securities are bought and sold, serving as a platform for raising long-term funds.

Present Value

The present value of a future amount of money or series of payments, calculated using a predetermined interest rate.