External Debt Refers to the Portion of the National Debt

question 3

True/False

External debt refers to the portion of the national debt owned by private individuals and internal debt refers to that part owned by the public sector.

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Definitions:

Reasonable Person Standard

A legal standard used to determine how an average person would responsibly act under certain circumstances for the purposes of establishing negligence or compliance in cases.

Physical Handicaps

Conditions that limit a person's physical abilities, potentially requiring special accommodations or interventions.

Mental Handicaps

Mental handicaps are conditions that significantly impair an individual's cognitive functioning and adaptive behavior, affecting their daily life.

Cost-Benefit Analysis

A systematic approach to estimate the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.