which of the following statements is correct regarding the relationship between fina 642219

Which of the following statements is correct regarding the relationship between financial condition and economic condition?

a. Economic condition is a broader term that includes concepts embedded

in the term financial condition.

b. Financial condition as defined by the ICMA incorporates cash solvency, budgetary solvency, long run solvency, and service level solvency, making it broader than the term economic condition.

c. Financial condition and economic condition relate to the government’s ability to meet its short term obligations.

d. None of the above.