Definition of Financial Interchange

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TeachMeFinance.com - explain Financial Interchange



Financial Interchange

The term 'Financial Interchange ' as it applies to the area of Medicare in the United States can be defined as ' Provisions of the Railroad Retirement Act providing for transfers between the trust funds and the Social Security Equivalent Benefit Account of the Railroad Retirement program in order to place each trust fund in the same position as if railroad employment had always been covered under Social Security'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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