The Three Types of Federal Grants Currently Given to States

question 50

True/False

The three types of federal grants currently given to states include project grants, block grants, and revenue sharing.

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Definitions:

Treasury Bills

Short-term government securities with maturities of one year or less, sold at a discount to their face value.

Market Efficiency

A concept in financial economics that describes how well market prices reflect all available information, leading to assets being properly priced and markets allocating resources efficiently.

Financial Decision Maker

An individual or group responsible for making investment, financing, and dividend decisions within an organization.

Expected NPV

Projected Net Present Value; an estimation of a project's current value based on expected future cash flows discounted at the project's cost of capital.