Mandating definition

Welfare programs are initiatives set up by the government to support the poor, developmentally challenged, and disadvantaged groups of a country.

The federal government, under TANF, provides am annual welfare grant of .5 billion to all states.Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates.Monetary policy is maintained through actions such as modifying the interest rate, buying or selling government bonds, and changing the amount of money banks are required to keep in the vault (bank reserves).Welfare is a government program which provides financial aid to individuals or groups who cannot support themselves.Welfare programs are funded by taxpayers and allow people to cope with financial stress during rough periods of their lives.

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