State and Local Governments Pay a Low Rate of Interest

question 153

Multiple Choice

State and local governments pay a low rate of interest because _____

• A)the risk of default is high.
• B)they spend on welfare activities.
• C)lenders are always willing to lend money to governments rather than financial institutions.
• D)lenders focus on their after-tax rate of interest.
• E)the administration costs of their loans are very low.

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Lesion

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Pathologically Altered Tissue

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