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Which of the following is a popular option for state and local governments wanting to complete construction projects that exceed their budgets?
A. declaring bankruptcy
B. raising taxes
C. borrowing funds
D. printing more money

Respuesta :

AnimeBrainly

C. borrowing funds is your best answer.

While the government can raise taxes, this is obviously one of the last resorts, as the working-class generally resent increases in taxes. Another way is to borrow money through bonds and borrowing from banks. In both cases, the government borrows a sum of money, and agrees to pay back the sum and interest within a certain amount of time.

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Lanuel

A popular option for state and local governments who wants to complete construction projects that exceed their budgets is: C. borrowing funds.

What is borrowing?

Borrowing can be defined as an act which involves taking (obtaining) an amount of money from a financial institution or individuals (lenders), with the intention and promise to pay it back at a specific period of time.  

In this context, a popular option that can be adopted by state and local governments who want to complete any of their construction projects that exceed their budgets is through borrowing of funds.

Read more on borrowing here: https://brainly.com/question/25599836

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