Which source of government funding listed below is a type of pay-for-success contract?

Question

Quizplus · Accepted Answer

A social impact bond is a type of pay-for-success contract in which private investors provide upfront funding for a public program or service with the goal of achieving measurable social outcomes. The government only reimburses the investors if the program achieves its intended outcomes, making it a pay-for-success contract. Block grants are a type of government funding that provides money to state and local governments for general use in a specific area, such as healthcare or education. Fees for service refer to payments made to providers for specific services rendered, such as medical procedures or consulting services. Pay-for-success funding is a general term for any government funding mechanism that ties payments to measurable outcomes, but it is not specific to social impact bonds.

Which Source of Government Funding Listed Below Is a Type