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Governments are prevented from borrowing unlimited funds through the enforcement of debt limits. Select all of the true statements below. Check All That Apply Debt
Governments are prevented from borrowing unlimited funds through the enforcement of debt limits. Select all of the true statements below. Check All That Apply Debt margin is a measure of the government's past borrowing power. Debt margin is the difference between the debt limit and net amount of existing governmental debt without limitation. A debt limit is designed to help protect the taxpayers and citizens of the government from an excessive tax burden and potential downgrade of the credit rating of the government. A debt limit is the maximum amount of long-term debt that a government may legally have outstanding at any point in time, expressed as a proportion or percentage of some measure of property value within the government's jurisdiction
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