Which of the Following Is a Responsibility of the Treasury

question 29

Multiple Choice

Which of the following is a responsibility of the Treasury Department?

• A) to ensure that tax returns have been filed and completed accurately
• B) to supervise union certification elections
• C) to make changes to the U.S. tax code
• D) to collect taxes, duties, and money due to the United States
• E) to make recommendations to the Justice Department about prosecuting individuals who may have knowingly violated federal tax laws

---

Definitions:

Interest Rate Cap

A limit on the maximum interest rate increase that can be charged on a variable-rate loan or mortgage.

Treasury Bonds

Treasury Bonds are long-term government debt securities issued by the U.S. Treasury, with maturity periods typically ranging from 20 to 30 years.

Futures Contracts

Agreements, enforceable by law, to acquire or dispose of certain commodities or financial assets at a price agreed upon now, to be transacted at a later date.

Hedge Cost Risk

Hedge cost risk refers to the potential variability in the expense of hedging strategies, which are used to mitigate financial risks associated with currency, interest rates, or commodities.