Under Existing Federal Statutes, Arbitrage, as It Applies to State

question 29

Multiple Choice

Under existing federal statutes, arbitrage, as it applies to state and local governments is

• A)Illegal.
• B)Illegal unless the government can demonstrate a "just cause" for engaging in it.
• C)Legal in some circumstances, but the government may be required to remit arbitrage earnings to the federal government.
• D)Illegal unless there is no more than a 2 percent difference between interest earned and interest paid.

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Definitions:

Program Activities

Specific tasks or operations that are carried out as part of a program or project to achieve its objectives.

Observers

Individuals who watch or monitor activities or events without directly participating in them.

Self-Observations

The process of intentionally focusing attention on one's own thoughts, emotions, and behaviors to gain insight or promote self-awareness.

Worker Observations

The act of noting or recording the behaviors, practices, or conditions of employees within a workplace.