Which of the Following Expenditures Account for the Largest Part

question 136

Multiple Choice

Which of the following expenditures account for the largest part of the Federal budget?

• A)national defense
• B)interest on debt
• C)direct benefits to individuals
• D)none of the above

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Definitions:

Operations

The day-to-day activities required for a business to function, including production, marketing, and management.

Accrued Interest

The amount of interest that has accumulated on a debt since the last payment date but has not yet been paid.

Bond Interest Rate

The fixed or variable rate of interest paid by bond issuers on the principal amount, to bondholders until maturity.

Interest Payment Date

The specific date set for the payment of interest on a loan or bond.