Which of the following statements is true with regard to the Medicare program?
A) While Social Security old-age benefits are available at age 62, Medicare Part A benefits are not available, in most cases, until age 65.
B) If an individual delays collecting Social Security retirement benefits until after the full retirement age, he or she is not eligible for Medicare benefits until he or she begins to collect retirement benefits.
C) Part B of Medicare is funded through a payroll tax.
D) Beneficiaries must pay a monthly premium for Medicare Part A coverage.
Answer: A
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Which of the following is a reason why a small business may fail?
A) managerial inexperience B) inability to adapt to changing market demands C) the need to spend a lot of money on wages and salaries, rent, utilities, and other expenses D) not fitting in the "corporate mold" E) focusing on narrow niches
The First Bank of the United States ceased operations because:
a. the need to provide financing for the Civil War was not supported by Congress b. of the opposition of state banking interests c. its charter had expired and there was no provision for its renewal d. both b and c