An Example of Expenditure Classification by Object Would Be

question 40

Multiple Choice

An example of expenditure classification by object would be:

• A) Current.
• B) Public safety.
• C) Police department.
• D) Salaries.

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Definitions:

Bank Deposits

Funds that customers place into a bank account, which can range from savings and checking accounts to fixed deposits.

Financial Problems

Challenges faced by individuals or organizations in managing their money, often leading to a lack of financial stability or solvency.

Loss of Deposits

Occurs when funds deposited in a bank or financial institution are diminished due to factors like bank failures or fraud.

Great Depression

A significant international economic collapse that happened during the 1930s.