The _________ Has Final Authority Over the Entire Federal Budget

question 35

Multiple Choice

The _________ has final authority over the entire federal budget, and each agency and department must submit its proposed budget to this group for approval before it is included in the president's official proposed budget.

• A) Congressional Budget Office
• B) Federal Budget Board
• C) Office of Inspector General
• D) Office of Management and Budget
• E) Securities and Exchange Commission

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Definitions:

Fixed Exchange Rate

Rate of exchange between currencies pegged within a narrow range and maintained by the central bank’s ongoing purchases and sales of currencies.

Central Banks

National financial institutions that provide financial and banking services for a country's government and commercial banking system, as well as implementing the government's monetary policy and issuing currency.

Trade Barriers

Measures imposed by governments to regulate international trade, often to protect domestic industries from foreign competition.

International Monetary Fund

An international organization dedicated to fostering global monetary cooperation, securing financial stability, and facilitating international trade.