The Expansion of Social Security in 1956 Added _____

question 48

Multiple Choice

The expansion of Social Security in 1956 added _____.

• A)cash benefits to surviving dependents
• B)disability insurance to those in the program
• C)medical benefits to those over 65
• D)medical benefits to surviving dependents

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Definitions:

Risk-Averse

A characteristic of preferring to avoid risk, often leading to choices that have lower potential returns to minimize possible losses.

Income

Income is the financial earnings received by an individual or entity, typically measured in terms of money earned from employment, investments, or business operations.

Risk-Averse

A descriptive term for an individual or entity that prefers to avoid risk and chooses certainty over uncertainty when making investment or financial decisions.

Insurance Premium

The amount of money that individuals or businesses must pay for an insurance policy, providing coverage against specific risks.