When a Park Is Funded by Visitors, but Not by Taxpayers

question 44

Multiple Choice

When a park is funded by visitors, but not by taxpayers in general,

• A) there will be too few parks because most people simply will not pay to use a park.
• B) visitors will be better served because poor service would lead to reductions in revenues.
• C) maintenance in the park will suffer because budgets will decline.
• D) we cannot predict what will happen because park funding by visitors has not been tried before.

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Definitions:

Market Rate

The prevailing interest rate available in the marketplace for securities or loans at any given time.

Six-Month

A period or duration of six calendar months.

Interest Payment

The cash paid by a borrower to a lender for the privilege of borrowing money, typically based on the interest rate of the loan or debt.

Other Income

A financial term referring to income generated from activities not directly related to the entity's primary business operations.