Which Statement Best Characterizes the Status of Texas Highways

question 44

Multiple Choice

Which statement best characterizes the status of Texas highways?

• A) Many highways are in disrepair, but there are adequate funds for their repair.
• B) Large sums of money are currently needed for highway repair and maintenance.
• C) It probably makes more sense to build new highways than to repair old ones.
• D) The state has more than adequately maintained its highways since 1984.

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Definitions:

Collateralized

Secured by an asset or property as a guarantee to repay a loan.

Amortized

The process of gradually reducing a debt through regular payments over time, which include both principal and interest components.

Borrower Defaults

Borrower defaults occur when a borrower fails to meet the legal obligations of a loan, such as not making scheduled payments.

Legal Documents

Written instruments that express rights, duties, entitlements, or liabilities legally enforceable by judicial action.