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QUIZ: Test Your Public Finance Knowledge

Think you could manage your state or local government's money? Take our quiz to find out.

<a href="">(Shutterstock)</a>
1. Which of the following is NOT a primary revenue source for state and/or local governments?
2. Any Town, USA’s parking authority is having trouble making bond payments on its revenue-backed debt, but Any Town because the bonds aren’t backed by the city’s government (like General Obligation debt is.) What is likely to happen?
3. Lawmakers often change pension policies and benefits, but not all changes directly address the money that’s already owed. Which of the following change will help reduce a pension plan's current unfunded liability?
4. Why is the sales tax called a regressive tax?
5. When you look at your government’s budget proposal, what do you see?
6. Which of the following is a true statement about OPEB (Other Post-Employment Benefits)?
7. What is a sustainable solution to fix a budget deficit?
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