A Government's Debt Is Reduced When It

question 155

Multiple Choice

A government's debt is reduced when it

• A)balances its budget.
• B)sells more bonds.
• C)runs a deficit.
• D)runs a surplus.

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Definitions:

Owners

Individuals or entities that hold ownership in a company, possessing rights to its assets and profits.

Total Assets

The sum of all owned resources with economic value that are expected to provide future benefits to a business.

Statement Of Financial Position

A financial statement that shows the assets, liabilities, and equity of an entity at a specific point in time, providing a snapshot of its financial condition.

Statement Of Income

A financial report that shows a company's revenue, expenses, and profits over a specific period, often referred to as a profit and loss statement.