If a County Becomes More Likely to Default on Its

question 23

Essay

If a county becomes more likely to default on its bonds, what happens to that country's interest rate and exchange rate? Explain.

---

Definitions:

Building Code

Regulations set by local governments regarding the design, construction, and occupancy of buildings to ensure public safety and health.

Petty Offense

A minor crime that is punishable by a small fine and/or imprisonment for less than six months in a jail.

Mail Fraud

A criminal act involving the use of postal services or electronic mail to carry out fraudulent schemes with the intent to deceive for personal gain.

False Pretenses

A legal term referring to the act of intentionally misrepresenting the truth to obtain property or money from another.