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Economics
MEDIUM
ENGLISH
Economics
What is fiscal federalism ?
A
A fiscal system for a group of countries in which fiscal policy is set in a treaty signed by all the countries
Option A
B
A fiscal system for a group of countries in which government budget deficits are strictly limited
Option B
A fiscal system for a group of countries involving a common fiscal budget and a system of taxes and fiscal transfers across countries
Correct answer
D
A fiscal system in which fiscal policy is jointly determined by local and national politicians
Option D
Correct answer: C
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