If the Federal Government Is Running a Budget Surplus

question 109

Multiple Choice

If the federal government is running a budget surplus,

• A) its expenditures must be greater than its revenues.
• B) the supply of money will decline.
• C) it will be able to reduce its outstanding debt.
• D) the U.S. Treasury will have to borrow additional funds in order to cover the surplus.

Provide insights into preschoolers' understanding of body image and health.

Support parents in selecting educational and care environments that foster preschool development.

Understand the effects of parental sexual orientation on child development.

Recognize the importance of providing continuity for children during parental separation or divorce.

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Definitions:

Sales

The exchange of goods or services for money, constituting the revenue of a business.

Pledging Accounts Receivable

The use of accounts receivable as collateral to secure a loan, without transferring the title.

Promissory Note

A financial instrument where one party (the issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

Maturity

The date on which a financial obligation, such as a bond or loan, is due to be fully repaid.