Monetizing the Deficit Contributes to the Inflationary Pressures That Are

question 110

True/False

Monetizing the deficit contributes to the inflationary pressures that are already present in the economy.

---

Definitions:

Credit

The granting of a loan and the creation of debt; any form of deferred payment.

Normal Balance

The typical side (debit or credit) on which an account increases, depending on the type of account.

Debit Balance

A balance in a financial account where the total debits exceed the total credits, common in asset and expense accounts.

Account

A record that summarizes all transactions related to a particular item or entity, used in financial accounting to track financial changes.