In 2015, the Largest U.S.in-Kind Transfer Program Was

question 51

Multiple Choice

In 2015, the largest U.S.in-kind transfer program was

• A) Medicare.
• B) Food stamps.
• C) Unemployment insurance.
• D) Housing aid.

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Definitions:

Irrevocability Period

A designated timeframe during which a decision, such as an offer or contract, cannot be retracted or revoked.

Purchase Price

The amount of money paid or to be paid by the buyer to acquire an asset or service from the seller.

Firm Offer

An offer made in writing and containing assurances that it will be irrevocable for a period of time not longer than three months despite a lack of consideration for the irrevocability.

Irrevocability Period

The timeframe during which a decision, offer, or agreement cannot be revoked or withdrawn.