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Which of the following correctly characterizes the U.S. Social Security System? It invests a worker's social security taxes in a diversified portfolio of binds and

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Which of the following correctly characterizes the U.S. Social Security System? It invests a worker's social security taxes in a diversified portfolio of binds and stocks. It is a "pay-as-you-go" system that transfers money from current workers to retirees. It is an example of "defined-contribution" plan. Recent changes have put the system on a sound financial footing through the end of the century

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