Which of the Following Is False

question 23

Multiple Choice

Which of the following is false?

• A)Domestic nonfinancial debt (DNFD) is a measure of outstanding loans and debts accumulated in the present and past years.
• B)DNFD refers to total credit market debt owed by the domestic nonfinancial sector including the U.S. government, state and local governments, private nonfinancial firms, and households.
• C)Domestic nonfinancial debt excludes the debt of financial institutions-those institutions that borrow solely to re-lend.
• D)DNFD is the broadest monetary aggregate.

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