Approximately What Percentage of the U

question 154

Multiple Choice

Approximately what percentage of the U.S. federal budget was used for Social Security payments in 2013?

• A)5 percent
• B)10 percent
• C)14 percent
• D)22 percent
• E)40 percent

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Definitions:

Maturity

The final payment date of a loan or financial instrument at which point the principal (and all remaining interest) is due to be paid.

Invested

The act of allocating resources, usually money, into something to earn a return or profit.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual percentage.

Period

A specified duration of time characterized by particular events, conditions, or phenomena.