Which of the Following Statements Is Incorrect

question 60

Multiple Choice

Which of the following statements is incorrect?

• A)Budget deficits raise the national debt.
• B)The concepts of deficit and debt are closely related.
• C)Getting rid of the deficit eliminates accumulated debt.
• D)Budget surpluses lower the national debt.

---

Definitions:

Prospectus Requirement

A legal obligation for companies to disclose detailed financial information before issuing stock to the public.

Regular Series

A regular series refers to a sequence or collection of events, objects, or publications that follow a consistent and predefined arrangement or schedule.

Market Value

The amount of money a buyer is willing to pay and a seller is willing to accept for an asset or item under current market conditions.

Takeover Bids

Takeover bids are proposals or offers made by a company or individual to purchase a significant portion, or all, of another company's shares to gain control of it.