A Major Reason That a Public Debt Cannot Bankrupt the Federal

question 200

Multiple Choice

A major reason that a public debt cannot bankrupt the Federal government is because:

• A)the public debt is mostly held by foreigners.
• B)the Federal government has the Social Security Trust Fund.
• C)the public debt can be easily refinanced.
• D)the Federal government can draw on its gold reserves.

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Definitions:

Citizens

Individuals who are legally recognized as members of a country, with specific rights and obligations under the country's law.

Governments

Organized systems that establish and enforce laws and policies, typically controlling a state, country, or community.

Career Planning

The ongoing process of managing one's work life, including setting career goals and designing a path towards them.

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