Which of the Following Is Not True About Recent State

question 52

Multiple Choice

Which of the following is not true about recent state budgets?

• A)Each budget is a record for spending.
• B)State costs tend to go up due to inflation.
• C)State costs have accelerated due to population increases.
• D)Demands for state services have decreased over time.

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Definitions:

Semiannually

A term describing an action or event that occurs twice a year.

Semiannual Coupon

A bond or fixed-income security payment made to its holder twice a year as interest for the investment.

Coupon Rate

The interest rate stated on a bond or other fixed-income security that the issuer promises to pay the holder until maturity.

Formulation

The process of creating a strategy, plan, or method for dealing with a specific issue or for achieving a specified goal.