Economics JAMB

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

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

Correct Answer:

Option A – a public debt

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4 years ago

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