Question

Federal agencies record their entire appropriation when a warrant of verification and line of credit is established by the ______.

a) Office of Management and Budget (OMB)
b) Treasury Department
c) Congressional Budget Office (CBO)
d) Government Accountability Office (GAO)

Answer 1

The Treasury Department is responsible for establishing the warrant of verification and line of credit for federal agencies.

Step-by-step explanation:

The correct answer is b) Treasury Department. Federal agencies record their entire appropriation when a warrant of verification and line of credit is established by the Treasury Department. The Treasury Department is responsible for managing the federal government's finances, including the collection of revenue, payment of expenses, and borrowing money.