What Governmental Program Is Composed of the Old Age and Survivors

question 73

Multiple Choice

What governmental program is composed of the Old Age and Survivors Insurance program and the Disability Insurance program?

• A)Social Security
• B)unemployment compensation
• C)Supplemental Security Income
• D)Temporary Assistance to Needy Families

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Definitions:

Bond

A financial instrument in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a specified interest rate.

Semiannual Interest

Interest that is calculated and paid twice a year, typically used in the context of bonds and loans.

Market Rate

The prevailing price or interest rate at which goods, services, or securities are bought and sold in a competitive marketplace.

Straight-Line Method

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.