The Sum of Past Federal Deficits Is Reflected in the Federal

question 33

Multiple Choice

The sum of past federal deficits is reflected in the federal:

• A) cyclical debt.
• B) Congressional debt.
• C) national debt.
• D) GDP debt.

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Definitions:

Automatic Payment

A pre-arranged system of paying recurring bills or obligations electronically without the need for manual intervention each time.

Federal Reserve Bank

The central banking system of the United States, responsible for setting monetary policy.

Funds Availability

Funds availability is a banking term that refers to the length of time before a deposited check or electronic payment clears and becomes available for withdrawal or use.

UCC

The Uniform Commercial Code represents a detailed collection of statutes that regulate every commercial transaction across the United States.