A syndicate is

A) a group of brokers illegally making use of insider information.
B) a group of commercial banks that agrees to accept the checks of each other's depositors.
C) a group of investment banks underwriting a large security issue.
D) a group of dealers that markets a government bond issue.

C

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Gross public debt minus all government interagency borrowing is

A) government budget deficit. B) an entitlement. C) U.S. Treasury bonds. D) net public debt.

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