Examlex
The reduction in private borrowing due to higher interest rates that results from increased government deficit spending is called which of these?
Current Liabilities
Current liabilities are obligations a company needs to pay off within a year, such as accounts payable, short-term loans, and accrued expenses.
Company's Liquidity
A measure of a firm's ability to meet its short-term obligations using its most liquid assets.
Internal Accounting Control
Procedures and policies implemented by a company to ensure the integrity and accuracy of its financial and accounting information.
Unauthorized Payments
Financial transactions made without proper approval or beyond the scope of allowed expenditures.
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