Which of the Following Are Justifications for Running a Budget

question 35

Multiple Choice

Which of the following are justifications for running a budget deficit?

• A)avoiding raising tax rates
• B)stabilizing an economy during a recession
• C)both a and b
• D)neither a nor b

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Definitions:

Negotiable Instrument

A written promise certifying the payment of a certain sum of money, either upon request or at a predetermined date, with the document specifying the individual responsible for payment.

Value

Under the Code (except for negotiable instruments and bank collections), generally any consideration sufficient to support a simple contract.

Qualified Indorsement

An endorsement on a negotiable instrument that limits the liability of the endorser or specifies particular conditions for the endorsement's validity.

Liability

A legal responsibility or obligation, often involving financial compensation, that arises from actions or agreements.