If a municipality is expecting to receive federal funding for mass-transit programs, it could borrow against the expected funds to be received by issuing:_____.
A. BANs.
B. TANs.
C. GANs.
D. CLNs.

Respuesta :

Answer:

Option C (GANs) is the correct answer.

Explanation:

  • GAN refers to "Grant Anticipation Notice". This can indeed be distributed by a municipality or community to "move forward" as well as make the proper use of another government grant extra funds expected future economic in the years ahead.
  • Those other state grant monies are being used for investments in mass transportation, energy efficiency, including environmental regulations.

The other three alternatives are not related to the given instance. So that the above would be the appropriate one.