The Term "Fiscal Federalism" Refers to

Multiple Choice

The term "fiscal federalism" refers to

A) deficit financing of government programs.
B) the power of Congress to tax and to determine how tax revenues are spent.
C) transferring money between levels of government (for example, from a state government to a local government) .
D) the system under which governments ask citizens to vote on major revenue-raising measures (for example, on issues of municipal bonds) .