Federal Grants-In-Aid Used Only for a Designated Activity Are Called

question 55

Multiple Choice

Federal grants-in-aid used only for a designated activity are called

• A)categorical grants.
• B)block grants.
• C)revenue-sharing grants.
• D)targeted grants.
• E)streamlined grants.

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Definitions:

M1

A category of the money supply that includes currency in circulation and checkable deposits in banks.

Bond Prices

The amount of money a bond is bought or sold for in the market, which can fluctuate based on interest rates and the bond's credit rating.

Interest Rates

The cost of borrowing money or the return on investment, expressed as a percentage.

Expansionary Monetary Policy

A form of monetary policy where the central bank increases the money supply and decreases interest rates to stimulate economic growth.