The Three Possible Sources of Government Funding Include

question 56

Multiple Choice

The three possible sources of government funding include

• A) explicit fees, taxes, and borrowing.
• B) international income, personal income taxes, and export taxes.
• C) foreign aid, revenues, and implicit fees.
• D) None of the above are correct.

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Definitions:

Collection Activities

Actions taken by businesses or agencies to collect debts owed by customers or clients.

Total Collection Time

The total amount of time taken to collect payments from customers from the point of sale to the actual receipt of funds.

Customer Cheques

Checks written by customers to pay for goods or services.

Monthly Statements

Financial reports that are issued at the end of each month detailing the financial activities, such as income and expenses, over the course of that month.