When the federal government guarantees a loan for a state government, such a loan constitutes?

By: |Published on: Oct 26|Categories: Economics JAMB| 0 comments

A. a public debt
B. a transferred debt
C. a private debt
D. an inter-governmental debt

Correct Answer:

Option A – a public debt

Users Also Read These:

SEE ALSO  In production, factory buildings are regarded as?

Copyright warnings! Do not copy.