Which of the Following Is Not True About Government Spending

question 1

Multiple Choice

Which of the following is not true about government spending on national defense?

• A)It is the third-largest spending category for the U.S.federal government.
• B)It includes salaries of military personnel.
• C)It fluctuates over time as the political climate changes.
• D)It is not financed with tax revenue.

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Definitions:

Dishonors

Refers to the failure to accept or pay a bill of exchange or promissory note when due.

Dishonored Note

A promissory note that has not been paid by the maker at maturity.

Maturity

The date on which a financial obligation or investment becomes due for payment or achieves its full value.

Note Receivable

A written promise that money will be paid by the debtor to the creditor at a certain date in the future.