Which steps are involved in creating a federal budget?
choose exactly three answers that are correct.

the president sends a budget message to congress that estimates revenues and expenses, indicates spending priorities, and outlines plans for taxes.

congress passes budget resolutions, which lay out its plan for revenues and spending, and appropriations bills, which are sent to the president.

the president approves or vetoes the bills passed by congress.

the supreme court rules on the constitutionality of the appropriations bills passed by congress and signed into law by the president

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan