which of the following is not a source of public revenue a) tax b) fees c) functional finance d) special assessment
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Answer:
special assessment.
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Option c is the correct answer.
Functional finance is not a source of public revenue.
- Functional finance is a theory in macroeconomics that promotes deficit financing to decrease unemployment.
- It also promotes controlling of expenditure by people by using tax policies, controlling interest rates, cash flow as well as inflation in a given economy through government intervention.
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