Which of the following is NOT an advantage for a state's central borrowing authority?
A) By grouping issues as a single one, lower economies of scale can be obtained.
B) Potential conflict between different debt issuers may be overcome.
C) The timing of debt issues can be controlled so they are brought to the market at the most opportune time.
D) The central borrowing authority can do a public issue more effectively than a private placement.
Correct Answer:
Verified
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