Public Schools in the United States Get Most of Their

question 4

Multiple Choice

Public schools in the United States get most of their operating funds from

• A)government production and subsidies.
• B)income taxes on corporate profits.
• C)local property taxes.
• D)tariffs collected on imported goods.

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Definitions:

Principle Amount

The original sum of money borrowed in a loan or the initial amount of investment before interest or profit.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, representing the residual value to shareholders after debts and liabilities have been settled.

Private Placement

The sale of securities to a relatively small number of select investors as a way of raising capital.

Angels

Affluent individuals who provide capital for business start-ups, often in exchange for convertible debt or ownership equity.