The Federal government follows accounting standards set by FASAB. Which federal agencies are primarily responsible for the formation of FASAB?

A. OMB, Treasury and CBO

B. OMB, CRS, and CBO

C. OMB, GAO and Treasury

D. CRS, Treasury and GAO

Figuring out how much $1,000 invested in a savings account with a 5 percent yearly interest rate will be worth would involve application of

A. compounding

B. deflating

C. discounting

D. appropriating