Through the Purchase of U

question 72

Multiple Choice

Through the purchase of U.S. Treasury bonds, ____________________ had become the largest holder of U.S. debt by the 1990s.​

• A)Japan
• B)China
• C)Mexico
• D)Great Britain
• E)India

---

Definitions:

Promise

A promise or guarantee that an individual will take a specific action or ensure a certain event occurs.

Legally Sufficient

Describes evidence or information that meets the established legal standards to support a claim or decision in court.

Consideration

The exchange of something of value in return for the promise or service of another party, a fundamental component of a valid contract.

Promise

A declaration or assurance by one party to another that a particular action or condition will occur or be met, potentially forming the basis of a contractual obligation.