A Continuing Resolution Is

question 41

Multiple Choice

A continuing resolution is

• A)an annual determination on the part of Congress to improve the budget process
• B)a decision to maintain a specific spending level for five years
• C)a temporary extension of spending authority into the new fiscal year
• D)the official name for the entire budget package when it is finally enacted
• E)the result of a budget surplus

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Definitions:

Leverage

The use of borrowed capital or financial instruments to increase the potential return of an investment.

Borrows Money

The act of receiving funds from another party under the agreement to return the principal amount along with interest or other charges.

Shares

A form of financial ownership in a company, giving the holder a portion of the profits and voting rights.