Which of the following statements is true of borrowing money?

A. Bonds are financial instruments issued by federal governments and bought by state governments.
B. The power to borrow money for the long term does not require any voter approval.
C. In most cases, revenue bonds require voter approval.
D. State and local bonds are attractive to investors because the interest they earn is exempt from federal income tax.
E. Private businesses can borrow money at a lower interest rate than state and local governments can.


D

Political Science

You might also like to view...

Gridlock, the inability of the House of Representatives, the Senate, and the president to agree on new policies, poses a challenge for America's constitutional system.

Answer the following statement true (T) or false (F)

Political Science

Approximately how long after the creation of Social Security were Medicare and Medicaid added to the American social welfare system?

a. 10 years b. 40 years c. 20 years d. 30 years

Political Science

In the example in the book on the study of autistic children, the independent variable was

A) disruptive behavior. B) relaxation. C) violent behavior. D) autistic behavior.

Political Science

The primary administrative units in the federal bureaucracy are ______.

a. state and local bureaucratic administrators b. independent regulatory agencies c. the 15 cabinet departments d. the agencies designated public corporations

Political Science