Answer the following statement(s) true (T) or false (F)

1. Concurrent resolution must be passed by both chambers of Congress.
2. The Troubled Asset Relief Program was passed in response to the Great Recession.
3. The tax code can be changed without Congressional approval.
4. The Federal Reserve Act of 1913 established 12 regional banks.
5. The Budget and Accounting Act of 1921 formalized the role of the executive branch in the federal budget process.


1. True
2. False
3. False
4. True
5. True

Political Science

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What will be an ideal response?

Political Science