Question : The government's borrowing from foreign sources is known as ____________.
Option 1: External debt
Option 2: Public debt
Option 3: Trade deficit

Option 4: Current account deficit

Question

Question : The government's borrowing from foreign sources is known as ____________.

Option 1: External debt

Option 2: Public debt

Option 3: Trade deficit

Option 4: Current account deficit

Team Careers360 · Accepted Answer

Correct Answer: External debt

Solution : The correct answer is (A) External debt.

When a government borrows from foreign sources, it is known as external debt. External debt represents the amount of money that a government owes to foreign creditors or institutions. It includes loans, bonds, and other forms of borrowing from international entities.

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Question : The government's borrowing from foreign sources is known as ____________.Option 1: External debt Option 2: Public debtOption 3: Trade deficit Option 4: Current account deficit

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Question : The government's borrowing from foreign sources is known as ____________.
Option 1: External debt
Option 2: Public debt
Option 3: Trade deficit

Option 4: Current account deficit