Dwight D Eisenhower Was Committed to Balancing the Federal Budget

question 90

True/False

Dwight D. Eisenhower was committed to balancing the federal budget.

---

Definitions:

Bankruptcy

A legal process through which individuals or businesses unable to meet their outstanding financial obligations are provided relief from some or all of their debts.

Fraudulent Preferences Act

Legislation that aims to void or reclaim transactions made by a debtor that prefers one creditor over others immediately before declaring bankruptcy.

Province

A territorial unit of a country that is under the jurisdiction of a federal government, functioning as a regional authority.

Security Interest

A legal claim on assets which are pledged as collateral to secure a debt, giving the lender rights to the property if the debtor defaults.