Question

Prior to 2008, did the government entities avoid bankruptcy by being under 'financial control boards'?

1) True
2) False

Answer 1

False. Prior to 2008, the government entities did not avoid bankruptcy by being under 'financial control boards'.

Step-by-step explanation:

False. Prior to 2008, the government entities did not avoid bankruptcy by being under 'financial control boards'. In fact, financial control boards were established as a means to help government entities that were in financial crisis. They were oversight bodies that worked to improve the financial situation and governance of these entities.