Question

What do you understand by the federal finance

Answer 1

Answer:

Federal finance refers to the system of assigning the source of revenue to the Central as well as State Governments for the efficient discharge of their respective functions i.e. clear-cut division is made regarding the allocation of resources of revenue between the central and state authorities.

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Answer 2

Answer:

Here is your answer →

• Federal finance refers to the system of assigning the source of revenue to the Central as well as State Governments for the efficient discharge of their respective functions.

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Hope this works.