A Scholarship Received by a Student Is Excluded for Purposes

question 64

True/False

A scholarship received by a student is excluded for purposes of computing whether a person is self-supporting under the qualified child provision.

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Definitions:

TARP Bailout

The Troubled Asset Relief Program, a U.S. government program created in 2008 to purchase toxic assets and inject capital into banks to stabilize the financial system.

Deposit Multiplier

The ratio of the amount of deposits created by banks to the amount of new reserves.

Reserve Ratio

The fraction of depositors' balances banks must have on hand as cash, a regulatory requirement designed to ensure banks' liquidity and stability.

Inflation

The pace at which prices for goods and services broadly ascend, causing the value of money to decrease.