The Cost of Servicing the Debt May Increase If

question 70

Multiple Choice

The cost of servicing the debt may increase if

• A)The debt shrinks.
• B)Deficits become smaller.
• C)Interest rates rise.
• D)The debt is held internally.

---

Definitions:

Check Register

A record, often part of a checkbook, that allows individuals to track checks written, deposits made, and current balances.

ATM

An Automated Teller Machine, a banking terminal that allows customers to perform financial transactions, such as cash withdrawals and deposits, without the need for a human cashier.

Debit

To deduct, to charge; a charge added to existing balance.

Personal Identification Number

A unique numerical code used in securing access to accounts or systems, often a password or security measure.