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Strategies for guarding against economic downturns

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What strategies can state, county, and city governments use to build financial reserves to leverage against economic downturns and emergencies?

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Solution Summary

This solution provides the learner with an understanding of the different strategies that can be employed by state, country , and city governments to guard against economic downturns and prepare for emergencies.

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One method that governments can do to protect itself from economic downturns and emergencies is by maintaining cash reserves. One way that governments can increase its cash reserve is buy holding approximately 4-5 of its operating budget in ...

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