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Funds allocated to parents that they may use to purchase education for their children from public or private schools in the area are

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The correct answer is known as "Vouchers".
Vouchers are considered to be a bond of the usable, and redeemable transaction variation which is really worth a sure economic value and which may be spent only for precise reasons or on unique goods. Specific examples of vouchers includes the following: housing, travel, and meals vouchers.
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