ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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intergovernmental revenue
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flat tax
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excise tax
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national debt
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Detailed explanation-1: -What is an intergovernmental transfer (IGT)? An intergovernmental transfer is a method in which local (non-state) governments and public hospitals can transfer funds to the Agency for Health Care Administration (the Agency) to help fund the Medicaid program.
Detailed explanation-2: -Intergovernmental Revenues: Funds collected by one level of government that are distributed to another level of government for expenditures.
Detailed explanation-3: -What is Intergovernmental Revenue? Intergovernmental revenue is funding received from another government, either in the form of a grant or as reimbursement for costs incurred. The recipients of these funds record them as revenue.
Detailed explanation-4: -The majority of all intergovernmental revenue was concentrated within two revenue categories statewide: State Shared Revenues and Federal Grants.