The Actual Passage of a Spending Bill Specifying the Amount

question 20

Multiple Choice

The actual passage of a spending bill specifying the amount of authorized funds that will be allocated for an agency's use is called

• A) authorization.
• B) appropriation.
• C) allocation.
• D) reconciliation.
• E) consolidation.

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Definitions:

Compounded Monthly

Interest calculation method where interest is added to the principal on a monthly basis, leading to interest on interest in subsequent months.

Monthly Investments

Regular investments made on a monthly basis, often part of a savings or investment strategy.

Compounded Annually

Describes interest that is calculated and added to the principal sum once per year.

Annual Investment

The amount of money that is invested or planned to be invested over the course of a year.