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When the federal government guarantees a loan for a state government, such a loan ...
Classroom
Economics Classroom
Jamb
Jamb 2006
Public Finance
Government Budget And Public Debts
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When the federal government guarantees a loan for a state government, such a loan constitutes
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
A public debt
B
A transferred debt
C
A private debt
D
An inter-governmental debt
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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