You are a senator whose voting district has been redistributed to include predominantly rural voters. Which of these issues would you focus on in your next campaign?

Which of the following statements is true of borrowing money?

A. Bonds are financial instruments issued by federal governments and bought by state governments. B. The power to borrow money for the long term does not require any voter approval. C. In most cases, revenue bonds require voter approval. D. State and local bonds are attractive to investors because the interest they earn is exempt from federal income tax. E. Private businesses can borrow money at a lower interest rate than state and local governments can.

In the picket-fence analogy, money and authority run vertically along programs from upper to lower levels of government agencies, while the legislative and executive branches of government, the horizontal slats, can do little to support or affect the vertical slats, or programs

Indicate whether the statement is true or false.