Which term means 'Impose or raise a tax'.

• A. Procurement
• B. Expenditures
• C. Levy
• D. In Abundance

Answer: (C)

Impose or raise a tax is described by the verb levy. In government and public finance, to levy a tax means to impose taxes on citizens or to set or increase the tax rate. It’s the formal term you’ll see in statutes and budget documents when authorities decide to raise revenue through taxation. For example, a government can levy income tax, property tax, or duties, and it can levy a higher rate to generate more funds.

The other ideas don’t fit because procurement is about obtaining goods or services, expenditures are about the spending of money, and in abundance means something is plentiful. So the term that captures the act of imposing or increasing a tax is levy.