Which of the following characteristics is unique to governments?
A) The ability to have activities financed with tax-exempt debt.
B) The power to impose fees.
C) The ability to issue tax-exempt debt.
D) The ability to have activities financed by Federal grants.

Question

Which of the following characteristics is unique to governments? 
A) The ability to have activities financed with tax-exempt debt.
B) The power to impose fees.
C) The ability to issue tax-exempt debt.
D) The ability to have activities financed by Federal grants.

Quizplus · Accepted Answer

The ability to issue tax-exempt debt is unique to governments because it allows them to borrow money at a lower cost than private entities.

Which of the Following Characteristics Is Unique to Governments