Fiscal Federalism Refers to the

Multiple Choice

Fiscal federalism refers to the

A) coordinated fiscal policy decisions of the federal government and the states.
B) expenditure of federal funds on programs run in part through state and local governments.
C) national banking system first established by Alexander Hamilton in the 1790s.
D) fact that both the federal government and the states have the power to tax.
E) ability of the states to manipulate federal decision making.