The Federal Government Created Block Grant Programs to

question 82

Multiple Choice

The federal government created block grant programs to

• A)give states more discretion over how to use federal money.
• B)force states to accept the National Bank.
• C)consolidate the power of the national government.
• D)consolidate funds targeted at states and localities into manageable regional groupings.
• E)circumvent Supreme Court rulings that invalidated legislative vetoes.

---

Definitions:

Net Assets

The total assets of a company minus its total liabilities, indicating the company's underlying value.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay off debt.

Amortized Cost Basis

An accounting method that gradually writes off the initial cost of an asset over a period, which reflects its consumption or use over time.

Credit Loss

Credit Loss is the loss incurred by a lender when a borrower fails to repay a loan, and the recoverable amount is less than the outstanding balance.