Answer:
An unfunded mandate
Explanation:
An unfunded mandate is a statute or regulation that requires a state or local government to perform certain actions, with no money provided for fulfilling the requirements. Public individuals or organizations can also be required to fulfill public mandates.
If an investor establishes a call spread, buys the lower exercise price, and sells the higher exercise price at a net debit, he anticipates that <u>the spread will widen</u>.
A straddle is an options strategy that buys both put and call options on the same underlying security with the same expiration date and strike price.
You can buy and sell straddles. A long straddle buys both calls and puts options on the same underlying stock with the same strike price and expiration date. If the underlying moves significantly in either direction before expiry, you can make a profit.
A call option buyer can hold the contract until the expiration date. At that time, you can either acquire 100 shares or sell the option contract at the market price of the contract at any time before the maturity date. There is a fee for purchasing a call option called Premium.
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<u>Temporary Assistance to Needy Families (TANF)</u> is a welfare program of block grants to states that encourages recipients to work in exchange for time-limited benefits.
The Temporary Assistance to Needy Families (TANF) is a federal welfare scheme of the United States. The TANF is based on the welfare-to-work principle.
It is a grant made to each state to run welfare programs including providing financial assistance and other support to needy families. It also includes a host of programs like childcare assistance, preparation for jobs, and work assistance.
There are certain conditions attached to TANF assistance, such as recipients being required to work as soon as they are job ready, participation in work requirements for both single and two-parent families, etc.
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