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If a government does not pay interest or principal on its debt when due, it is:
Account Calculations
The process of determining financial figures related to accounts, including balances, charges, and payments.
Greater Accuracy
Refers to a higher degree of precision or correctness in measurements, actions, or statements.
Automatic
Operating by itself with minimal or no human intervention, often referring to machinery, systems, or processes.
Double-Entry Bookkeeping System
An accounting method that records each transaction twice, once as a debit in one account and once as a credit in another, to ensure financial records balance.
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