It Is Important to Distinguish Between the Privately Held Portion

question 68

Multiple Choice

It is important to distinguish between the privately held portion of the national debt and the portion held by government agencies and the Federal Reserve system because

• A) the government will not have to repay the privately held debt.
• B) only the privately held debt creates a net interest liability for the federal government.
• C) the privately held debt does not create a net interest liability for the federal government.
• D) taxes will have to be raised in order to pay the interest on the debt held by the Federal Reserve system.

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Definitions:

Consuming Alcohol

The act of drinking beverages containing ethanol, commonly known as alcohol.

Optimistic

Having a positive outlook on the future, expecting favorable outcomes.

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Self-discrepancies

The differences between an individual's self-concept and various self-guides like their ideal self or ought self, leading to discomfort or emotional distress.