What Happens to the President's Budget If It Is Approved

question 26

Multiple Choice

What happens to the president's budget if it is approved by a vote of the House and Senate?

• A)It is reviewed by the Office of Management and Budget.
• B)It has reached its final approval and is implemented.
• C)It is sent to the president to sign or veto.
• D)It is given to the president for any further executive changes to be added.
• E)It is referred to the House and Senate appropriations committees for implementation.

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Definitions:

Bank Statement

A document provided by a bank that summarizes an account holder's financial transactions and balances over a specified period, typically monthly.

Cash Balance

The amount of cash that a company or an individual has available at any given time.

Journal Entry

An accounting record of a transaction where the total amounts in the debit and credit columns are equal.

NSF Check

A check that cannot be processed due to insufficient funds in the account of the issuer.