Which of the following is a problem of the Social Security system?
A. Social Security benefits do not directly depend on the withholdings assessed against the employee who is retiring.
B. Individuals can avail full Social Security benefits as early as at the age of 55, which puts undue pressure on a firm's resources.
C. The state often lacks a sufficient amount of funds needed to cover all retirees.
D. It provides limited income to those retirees who do not have other sources of income, that is, no part-time work or pension plans.
Answer: A
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You place $500 into your checking account at First Bank and earn 1% APR on your deposit. Your professor borrows money at a rate of 8% from the same bank for a tuition loan for her son. Which of the following statements is true?
A) The bank is criminally liable to you for paying an interest rate lower than the expected rate of inflation. B) You and your professor have an obvious conflict of interest because you have accounts at the same financial institution. C) You benefit from earning interest on your deposit, safety for your funds, and having a recognizable means for paying for your financial obligations without having to hold cash. D) Your professor is the only party to be made worse off by this example because she is the only party paying net interest.
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Fill in the blank(s) with the appropriate word(s).
Which of the following is a switching location in a packet switching network?
a. a PAD b. a Node c. an IXC d. none of the above
The rate of interest paid on bond investments is called the coupon rate
a. True b. False