Debt Service Fund Expenditures Would Include All of the Following

question 11

Multiple Choice

Debt Service Fund expenditures would include all of the following except

• A) Fiscal agent fees.
• B) Repayment of refunded bonds using resources transferred from the General Fund.
• C) Principal retirement payments.
• D) Discounts on refunding bonds.

---

Definitions:

Poverty Line

The minimum level of income deemed adequate in a particular country, below which individuals or families are considered to be in poverty.

Welfare State

The collection of government programs designed to alleviate economic hardship.

Government Spending

The total expenses incurred by a government on goods, services, and public projects.

Wealthy Countries

Nations characterized by a high level of income per capita, advanced infrastructure, and a strong economy.