What do you mean by "Fiscal Federalism"?

A It refers to the devolution of power and responsibilties of national, sub-national, and governments

B It refers to the financial relations between units of governments in a federal government system

C It is the amount of money that households have availalbe for spending and saving after income taxes have been accounted for

D It states that when per capita income increases above the minimum specific level, population tens to increase

Answer & Explanation
Answer: It refers to the financial relations between units of governments in a federal government system

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