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:

Congress

The national legislative body of a country, typically consisting of two houses: the Senate and the House of Representatives in the United States.

Pocket Veto

A legislative maneuver by which a president or governor may indirectly veto a bill by taking no action on it, and if Congress adjourns during the time allowed for the bill's signing, the bill dies.

Legislative Session

An official period of time designated by a legislative body to conduct its business, including the passing of laws and other legislative activities.

Presidential Veto

is the power of the President to reject a bill passed by Congress, preventing it from becoming law unless Congress votes to override the veto.