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The most important reason for being concerned with a municipality's available fund balance as a percentage of its revenues and recurring transfers in is that
The most important reason for being concerned with a municipality's available fund balance as a percentage of its revenues and recurring transfers in is that the ratio provides a good measure of:
Select one:
a
The liquidity of its resources
b
Its ability to weather future revenue shortfalls
c
The volatility of its revenue structure
d
Its efficiency and effectiveness
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