The imposition of a levy or charge by a government unit to provide financing for public services is called insurance.

Name: The imposition of a levy or charge by a government unit to provide financing for public services is called insurance.
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Question

The imposition of a levy or charge by a government unit to provide financing for public services is called insurance.​

Quizplus · Accepted Answer

The imposition of a levy or charge by a government unit to provide financing for public services is called taxation, not insurance. Insurance is a financial product that provides protection against financial loss or liability.

The Imposition of a Levy or Charge by a Government