Which of the Following Statements About CRS Is/are Correct

question 10

Multiple Choice

Which of the following statements about CRS is/are correct?

• A) CRS was established under the Legislative Reorganization Act of 1970
• B) CRS was established with the mission to serve the legislative needs of Congress
• C) CRS is a highly respected nonpartisan professional agency
• D) CRS is located in the Library of Congress
• E) CRS evaluates how well government programs meet their obligations.

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Definitions:

UCC

The Uniform Commercial Code represents a detailed collection of statutes that regulate every commercial transaction across the United States.

Electronic Check Presentment

A process that allows financial institutions to exchange digital images of checks instead of physical checks for faster processing.

Substitute Checks

Digital or paper reproductions of original checks that are legally equivalent for processing payments.

UCC

A complete collection of regulations that oversee business dealings within the United States, known as the Uniform Commercial Code.