Expenditures of State and Local Governments Which Included Police, Fire

question 55

Multiple Choice

Expenditures of state and local governments which included police, fire protection, and corrections come under the category of ________ expenditures.

• A)public safety
• B)environment
• C)transportation
• D)administration
• E)social service

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Definitions:

Held-to-Maturity Securities

Financial assets purchased with the intention of holding them until they mature; commonly bonds or other debt securities.

Dividend Yield

The ratio of a company's annual dividend payments to its share price, representing the return on investment a shareholder receives from dividends alone.

Preferred Stock

A type of stock that gives shareholders preference over common stockholders in the distribution of dividends and assets upon liquidation.

Common Stock

Equity securities representing ownership in a corporation, providing voting rights and sharing in the profits through dividends.