During the global financial crisis,state and local governments now found their interest costs rising.Which of the following were causes of this?

Question

Quizplus · Accepted Answer

Lower tax revenues due to the weaker economy made it difficult for state and local governments to service their debts, and the weaker value of monoline insurance guarantees on their debt made it more expensive for them to borrow in the first place.

During the Global Financial Crisis,state and Local Governments Now Found