Question 36
Hard
Were the fiscal deficit to escalate beyond statutory thresholds, ______.
A
the credit rating agency will downgrade government securities
B
the sovereign credit rating agency would downgrade national bonds
C
the sovereign rating agency would have downgraded sovereign bonds
D
the agency had lowered the national economic outlook
Correct Answer:
B
Explanation:
Were the fiscal deficit to escalate beyond statutory thresholds, the sovereign credit rating agency would downgrade national bonds.