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.

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Definitions:

Stock Dividend

A stock dividend is a distribution of additional shares to shareholders, proportionate to their existing holdings, instead of cash.

Liabilities

Financial obligations or debts that a company owes to others, which must be paid back.

Cumulative Preferred Stock

Cumulative Preferred Stock is a type of preferred shares that have a provision entitling shareholders to receive dividends that were missed in the past before any dividends are paid to common shareholders.

Fully Participating

Refers to a type of preferred stock or other securities that entitle holders to receive additional dividends beyond a specified amount if certain conditions are met.