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Unit 6
PUBLIC FINANCE - Coggle Diagram
Unit 6
PUBLIC FINANCE
Definition
Public finance is concerned with how a government can raise and spend its funds. The government's revenues come from 3 major resources: income, taxes, corporate income taxes and payroll taxes
Federal budgets
Federal budgets is the amount of money that is available for a federal government to spend in a particular year
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Federal debt
Debt held by the public
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Creditors:
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State and local government,
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Treasury bonds
Treasury bonds is a debt security, issued by the government of a nationtext
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The price of a bond is less than the worth and a bond is a mature on the date at which it is worth its face value