Short-term loans which are backed by the taxing power of the governmental unit and used to meet working capital requirements are called:

Question

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Tax anticipation notes are short-term loans that are backed by the taxing power of the governmental unit, and they are typically used to meet working capital requirements. These notes are issued in anticipation of the receipt of tax revenues, and they are usually repaid within a year or less.

Short-Term Loans Which Are Backed by the Taxing Power of the Governmental