Until the 1980s, Most of the National Debt Was

question 148

Multiple Choice

Until the 1980s, most of the national debt was

• A)owned by foreigners.
• B)acquired either during wars, especially World War II, or during recessions.
• C)owned by banks.
• D)financed by printing money.

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Definitions:

General Partnership

A type of business partnership where all partners share in the management of the business and are personally liable for the business's debts.

Charging Order

A legal order issued by a court directing the person or entity that owes money to a debtor to pay the debtor's creditor, effectively allowing the creditor to intercept funds or assets owed to the debtor.

Limited Partner

An investor in a partnership who is only liable for the amount of their investment and does not actively manage the business.

Partnership Interest

An ownership share in a partnership, representing a partner's stake in the business's assets and earnings.