Which of the Following Is a Reason Why Government Debt

question 47

Multiple Choice

Which of the following is a reason why government debt is different from individual debt?

• A)Government has fewer sources of income to finance its debt than individuals.
• B)Government can create money to finance its debt.
• C)Government debt can be owed to foreigners, unlike the debt of individuals.
• D)Government debt must be repaid at some point in time.

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Definitions:

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") occurring from 1642 to 1651, fundamentally concerning the manner of England's governance and issues of religious freedoms.

Catholicism

The Christian denomination led by the Pope in Rome, characterized by its sacraments, doctrines, and global presence.

English

A West Germanic language originating in England, now the primary language of the United Kingdom, the United States, and several other countries.

Indians

Indigenous peoples of the Americas; also, in a different context, can refer to nationals or citizens of India.