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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

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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 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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