Which of the Following Groups Is Considered a Primary User

question 39

Multiple Choice

Which of the following groups is considered a primary user of a state or local government's general-purpose external financial statements?

• A) Citizens.
• B) Managers and administrators.
• C) Employees.
• D) Special interest groups.

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Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another.

Interest Rates

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, per period.

Inflation

The speed at which the overall price level of goods and services increases, diminishing the buying power.