The National Debt Is the Total Amount the ________ Government

question 11

Multiple Choice

The national debt is the total amount the ________ government has ________ to make expenditures that exceed tax revenue.

• A) state and local; borrowed
• B) federal; taxed U.S. citizens
• C) state and local; taxed U.S. citizens
• D) federal; borrowed
• E) federal; loaned

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Definitions:

Price-Weighted

Refers to a stock market index in which each company's stock influences the index in proportion to its price per share.

Money Market

A segment of the financial market in which short-term financial instruments, such as Treasury bills and commercial paper, are traded.

Treasury Bond

Long-term, fixed-interest U.S. government debt security with a maturity of more than 10 years.

Certificate of Deposit

A savings certificate with a fixed maturity date and interest rate, issued by a bank to a person depositing money for a specified period of time.