Block Grants Are Designed to

question 29

Multiple Choice

Block grants are designed to

• A)fund urban improvements on specific city blocks.
• B)give the states considerable discretion in how money from the federal government is spent.
• C)fund capital improvements in schools.
• D)impose strict limits on how state governments can spend money from the federal government.

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Definitions:

Bank Correction

Adjustments made by a bank to rectify any discrepancies found in an account balance.

Cash Drawer

A compartment within a cash register where the cash from transactions is kept.

Cash Receipts

Money received by a business, often recorded in the period it is received.

Cash Sales

Revenue received from transactions where payment is made immediately in cash.