Which of the Following Constitutes the Largest Portion of the Federal

question 84

Multiple Choice

Which of the following constitutes the largest portion of the federal budget?

• A)discretionary spending
• B)foreign aid
• C)homeland security
• D)mandatory spending

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Definitions:

Promisor

An individual or entity that makes a promise or commitment to perform a specified act or duty in a contract.

Holder in Due Course

This is a legal term for an individual or entity that has acquired a negotiable instrument in good faith and for value, thus having certain protections against defenses and claims in disputes over its payment.

Conflicting Claim

A situation where two or more parties assert rights or entitlements that are incompatible with one another.

Instrument

A formal written legal document, such as a contract, will, or deed, that formally records the details of a transaction or agreement.