The current monthly state revenue of Gelandra is 5 million. The legislature allots 2.5 million for financing schools, 1.5 million for hospital expenses, and 1 million for laying roads. The expenses cannot be interchanged between the three allotments.
Which of the following best represents the three expenses?
a. dedicated funds
b. capital funds
c. balanced funds
d. shares
Question 2
Which of the following is true of the biennial budget system?
a. The comptroller finds it easy to estimate state revenue.
b. The national budget is passed once every two years.
c. The appropriations bill covers a four-year cycle.
d. The actual budget projection period extends to 30 months.
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