Which of the Following Statements About the Federal Budget Is

question 54

Multiple Choice

Which of the following statements about the federal budget is LEAST accurate?

• A) While about 25 percent of the federal budget is allocated to nondiscretionary expenditures, most of it can be used to fund any program that Congress desires.
• B) The initial proposed federal budget is drawn up by the White House, not by Congress.
• C) Congressional budget committees consult with representatives of executive agencies to develop a budget resolution.
• D) The process of reconciliation allows Congress to change funding targets for various programs in order to stay within budgetary guidelines.
• E) Congress frequently must resort to continuing resolutions, which allow agencies to continue to operate based on the previous year's budget, until the new budget can be finalized.

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Definitions:

Secured

Protected by collateral or a guarantee, often referring to loans or obligations.

Unregistered Mortgage

A mortgage that has not been formally recorded with the relevant legal or government authorities, potentially affecting its enforceability.

Default

The failure to fulfill a legal obligation, such as not making a payment on a loan.

Equity of Redemption

The right of a borrower to reclaim property put up as collateral after clearing their debt, especially in relation to mortgage agreements.