What is the major risk of a government being reliant on, Financial Management

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What is the major risk of a government being reliant on

What is the major risk of a government being reliant on short term financing?

a. There are more burdensome disclosure requirements

b. Investors may pull the rug when it comes time to refinance the debt

c. short term debt is more expensive than long term debt

d. The debt burden may be too high

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