Centralized Budgeting, Also Referred to as _______, Consolidates the Budget

question 37

Multiple Choice

Centralized budgeting, also referred to as _______, consolidates the budget for all state and local courts and details all personnel, supplies, equipment, and other expenditures.

• A) rainy day budgeting
• B) tort reform
• C) unified court budgeting
• D) administrative caseload budgeting

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Definitions:

Treasury Bond

A long-term government debt security with a fixed interest rate, considered low-risk.

Expectations Theory

A theory in finance that predicts the future interest rates from the yield curve of long-term and short-term government bonds.

Term Structure

The relationship between interest rates or bond yields and different terms or maturities, often depicted in a yield curve.

Forward Rates

Interest rates or financial transaction rates agreed upon now, to be executed at a future date.