What Is the Chief Function of the Department of Housing

question 9

Multiple Choice

What is the chief function of the Department of Housing and Urban Development?

• A) Slum clearance
• B) Financing house construction
• C) Building houses in urban areas
• D) Developing inner city areas
• E) Providing funding for building homes for low-income and needy people

---

Definitions:

Cash

Physical currency such as coins and banknotes or the equivalent in bank balances that can be immediately accessible.

Book Cash

The amount of cash on hand as recorded in the financial records of a company.

Bank Cash

Bank Cash refers to the liquid assets held by a financial institution that is readily available for transactions and immediate withdrawal.

Cheques

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a specified person, out of the drawer's bank account.