The Debt Ceiling Is

question 83

Multiple Choice

The debt ceiling is:

• A)a limit on the total amount of money the Fed can borrow from the government.
• B)the minimum amount of money the Fed can borrow from other commercial banks.
• C)a limit on the total amount of money the federal government can legally borrow.
• D)the maximum amount of money the state governments are allowed to use for public outlays.
• E)the maximum amount of money the state governments can borrow from the Fed.

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Definitions:

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