The Only Way to Reduce the National Debt Is to Run

question 90

True/False

The only way to reduce the national debt is to run budget surpluses.
Whenever there's a budget deficit,the national debt increases.On the other hand,the debt would decrease if the federal government ran a budget surplus.

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Definitions:

Corrected Cash Balance

An adjustment made to a company's book balance of cash to reflect accurate amounts after reconciliation.

Bank Service Charges

Fees charged by banks for account maintenance, transactions, and other financial services provided to customers.

Book Balance

The amount of money a company reports in its financial statements, not necessarily reflecting the actual cash available.

Factoring

Factoring is a financial transaction where a business sells its accounts receivable to a third party, called a factor, at a discount.