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In Contrast to the National Debit,the Term __________ Refers to an Annual

Question 27

Multiple Choice

In contrast to the national debit,the term __________ refers to an annual cycle accounting of a government entity's excess spending over the amount of revenues it takes in during a given fiscal year.


A) national budget
B) budget deficit
C) currency transfer
D) debt
E) financial risk

Correct Answer:

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