Which Choice Is an Example of a Government Department Agency

question 84

Multiple Choice

Which choice is an example of a government department agency that is both an agency for the maintenance of the Union and a fiscal agency?

• A)Treasury Department
• B)Federal Reserve System
• C)Congressional Budget Office
• D)Securities and Exchange Commission
• E)Bureau of the Budget

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Definitions:

Obligations

A legal or financial duty that an entity is required to fulfill, such as debt repayment or service delivery.

Liabilities With Priority

Obligations of a business that are given precedence over other debts, especially in the context of bankruptcy or liquidation proceedings.

Order Of Relief

A court order that provides a debtor protection from creditors under bankruptcy proceedings.

Benefit Plans

Programs established by employers to provide various benefits to their employees, such as healthcare, retirement savings, and life insurance.