One Item That Is Considered Part of the Federal Debt

question 61

Multiple Choice

One item that is considered part of the federal debt is:

• A) Treasury bills.
• B) future Social Security benefits.
• C) student loans, which may go into default.
• D) potential liabilities of savings and loan associations.

---

Definitions:

Union Restored

The period following the American Civil War focused on reintegrating the Southern states back into the United States, restoring national unity.

Southern States

A geographic grouping of states in the southeastern and south-central United States, notable for their shared history, culture, and economic interests, particularly in agriculture and historically in slavery.

Democratic Majorities

Situations in which the Democratic Party holds the majority of seats in legislative bodies, allowing greater influence in lawmaking.

Public Schools

Educational institutions funded and administered by governmental entities, providing free education to students in a particular geographic area.