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TBI PKN STAN - Paket 01
SELEKSI-LANJUTAN-SEKDIN
TBI - Reading Comprehension
59. Read the following passage, then answer the question below.
Effective public debt management involves balancing the need for development financing with long-term fiscal sustainability. Governments typically issue bonds with varying maturities to diversify their debt portfolio and reduce refinancing risk. A common strategy is to extend the average maturity of outstanding debt, which lowers the frequency of refinancing and provides greater certainty in debt servicing costs. However, longer-maturity bonds often carry higher interest rates, meaning that governments must weigh the trade-off between reduced refinancing risk and increased borrowing costs when designing their debt issuance strategy.
The word "trade-off" in the passage refers to ...
Jawaban: C
Pembahasan: "Trade-off" berarti keseimbangan antara dua pertimbangan yang saling bersaing, dalam hal ini risiko pembiayaan ulang versus biaya bunga.