The Entry to Close the Fees Earned Account Would Cause

question 94

Multiple Choice

The entry to close the Fees Earned account would cause

• A) the Capital account balance to increase.
• B) the Capital account balance to decrease.
• C) the Fees Earned account to decrease.
• D) None of these are correct.

---

Definitions:

Legislative Authority

The power or right to enact laws, typically vested in a legislative body such as a parliament or congress.

Iron Triangles

Iron Triangles describe the stable, mutual relationships among regulatory agencies, interest groups, and legislative committees, leading to the implementation and perpetuation of specific policies and government actions.

Congressional Committee

A subgroup within the United States Congress tasked with specific duties, including legislation review, policy oversight, and investigations.

Executive Agency

A governmental body under the direct authority of the executive branch, responsible for administering specific legislation.