The Office of Management and Budget (OMB) Plays an Important

question 1

Multiple Choice

The Office of Management and Budget (OMB) plays an important role in the federal budget-making process because it:

• A) manages the United States' current account.
• B) provides the Federal Reserve with economic data.
• C) is responsible for creating economic data for the entire executive branch.
• D) is ultimately responsible for putting together the president's budget.
• E) sets the official figures and costs in the federal budget once it becomes law.

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Definitions:

Accredited Investor

A private investor who is allowed to accept private securities offerings under certain specific guidelines the SEC sets.

Private Securities Offerings

The sale of securities to a relatively small number of select investors as a way of raising capital, without the need to register with the Securities and Exchange Commission.

Underwriters

Professionals or entities that assess and undertake the risk of another party, often in insurance policies or issuance of securities.

Investment Banking Firms

Financial institutions that provide advisory services and capital raising strategies for corporations and governments.