Question : The national debt is:
Option 1: The amount of money owed by the government to its citizens
Option 2: The amount of money owed by the government to other countries
Option 3: The total amount of money the government has borrowed over time
Option 4: None of the above
Correct Answer: The total amount of money the government has borrowed over time
Solution : The correct answer is (c) The total amount of money the government has borrowed over time.
The national debt refers to the cumulative amount of money that a government has borrowed from various sources, including its citizens, domestic institutions, and foreign entities. It represents the total outstanding debt owed by the government, resulting from budget deficits over time.
Question : Public debt refers to:
Question : What is the difference between a deficit and a debt?
Question : A part of national debt known as external debt is the amount_______.
Question : Debentures are:
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