The Top Sources of Funding for State and Local Government

question 10

Multiple Choice

The top sources of funding for state and local government are

• A)individual income taxes and corporate income taxes.
• B)individual income taxes and property taxes.
• C)sales tax and corporate taxes.
• D)intergovernmental revenues and individual income taxes.
• E)sales tax and intergovernmental revenue.

---

Definitions:

Stock's Alpha

Stock's Alpha measures a stock's performance relative to a benchmark index, indicating its value added or lost against the market average.

Abnormal Return

The difference between the actual return of a security and the expected return, typically due to unexpected events.

Residual Return

The return on an investment beyond what is predicted by market movements or models, often associated with active management performance.

Liquidity Risk

The risk that an entity may not be able to quickly convert assets to cash without significant losses.