Passing the Federal Budget Often Requires Cooperation Between Democrats and Republicans

question 52

Multiple Choice

Passing the federal budget often requires cooperation between Democrats and Republicans in Congress because the

• A)House of Representatives must approve the budget with a unanimous vote (435 out of 435 votes), and rarely does one party hold all 435 seats.
• B)House of Representatives must approve the budget with a supermajority vote (335 out of 435 votes), and rarely does one party hold 335 seats.
• C)Senate must approve the budget with a unanimous vote (100 out of 100 votes), and rarely does one party hold all 100 seats.
• D)Senate must approve the budget with a supermajority vote (60 out of 100 votes), and rarely does one party hold 60 seats.

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Definitions:

Translate

In financial contexts, it often involves converting financial statements from one currency to another.

Foreign Currency

Currency used in international trade and investment, which is different from the domestic currency of the country of operation.

Presentation Currency

The currency in which a company's financial statements are presented, typically the national currency of the country where the company operates.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.