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Which of the following does NOT contribute to the fiscal challenges facing city and state officials?
Outstanding Bond Issues
Bonds that have been issued and are currently in circulation, yet to be repaid by the issuer.
Close Competitor
A company in the same industry offering similar products or services that directly competes with another company.
Stable Market Value
Refers to assets or securities that demonstrate low volatility and maintain their value over time in various market conditions.
Floating-Rate
An interest rate that fluctuates over time with the market or an index, commonly used in variable-rate loans and adjustable-rate mortgages.
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