In 2013,approximately How Much of U

question 73

Multiple Choice

In 2013,approximately how much of U.S.federal debt was held by China?

• A) 84 percent
• B) 66 percent
• C) 30 percent
• D) 7 percent
• E) 2 percent

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Definitions:

Payment on Account

A transaction that reduces the amount owed on an outstanding accounts payable balance.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.

Operating Expenses

Costs that a business incurs through its normal business operations, including rent, salaries, and utility expenses.

Net Income

The end profit for a business after total revenue is reduced by expenses and tax obligations.