Currently, the principal tool for transferring money from the national to the state and local governments is the grant-in-aid.

Question

Quizplus · Accepted Answer

Grant-in-aid is the principal tool for transferring money from the national to the state and local governments. It includes grants, subsidies, and other forms of financial assistance given by the central government to the state and local governments to fund specific programs or services.

Currently, the Principal Tool for Transferring Money from the National