Select the Key Term That Relate to Analysis of Government

question 58

Essay

Select the key term that relate to analysis of government financial performance from the list that best matches with the following definition.
A. Benchmarking
B. Budgetary solvency
C. Cash solvency
D. Economic condition
E. Financial condition
F. Financial position
G. Fiscal capacity
H. Long-run solvency
I. Service capacity
J. Service-level solvency
________ 1. The probability that a government will meet its financial obligations as they become due and its service obligations to constituencies
________ 2. A composite of a government's financial health and its ability and willingness to meet its financial obligations and its commitments to provide services
________ 3. The method of identifying a number that represents a target to which actual results are compared, or a basis for comparison
________ 4. The government's ongoing ability and willingness to raise revenues, incur debt, and meet its financial obligations as they become due
________ 5. The adequacy of cash and short-term claims to cash to meet current obligations and those expected in the near future
________ 6. A government's ability to provide services at the level and quality that citizens desire
________ 7. A government's ability to generate enough cash over a 30- or 60-day period to pay its bills

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Definitions:

Six Months

A period of time equivalent to half a year.

Compounded Semi-Annually

Interest calculation method where the interest is added to the principal amount twice per year, increasing the total amount of interest earned over time.

End-Of-Month Loan Payments

Payments that are made at the end of each month towards the repayment of a loan.

Retirement Account

A financial account designed specifically for savings, investment, and accumulation of money for retirement.