Net Public Debt Is Equal to

question 69

Multiple Choice

Net public debt is equal to

• A) the gross public debt minus current year tax revenue collection.
• B) the gross public debt minus taxes paid by foreign corporations on their profits made in the United States.
• C) the gross public debt plus all governmental interagency borrowing.
• D) the gross public debt minus all governmental interagency borrowing.

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Definitions:

Pounds

A unit of weight commonly used in the United States, equivalent to 0.453592 kilograms, or a British currency (GBP).

Hedged Delivery

A strategy used in trading and finance to minimize risk by taking compensating positions in related securities or commodities.

Futures Contracts

Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Profit (Loss)

Profit or loss refers to the financial result that is calculated by subtracting total expenses from total revenues, with profit indicating a positive result and loss indicating a negative result.