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Which of the Following Criteria Is Not Required to Be

Question 18

Multiple Choice

Which of the following criteria is not required to be met for a government to be considered fiscally independent?


A) Has separate legal standing.
B) Has the authority to adopt its own budget without the substantive approval of any other entity.
C) Has the authority to issue bonded debt without the substantive approval of any other entity.
D) Has the authority to set its own fees and charges without substantive approval of any other entity.

Correct Answer:

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