Government debt is different from individual debt because
A) the government can always tax to reduce it.
B) the government cannot declare bankruptcy.
C) the government does not need to pay interest.
D) the government can decide the interest rate.
A
Economics
You might also like to view...
What are resources? Describe two different types of resources
What will be an ideal response?
Economics
The largest percentage of banks' holdings of securities consist of
A) Treasury and government agency securities. B) tax-exempt municipal securities. C) state and local government securities. D) corporate securities.
Economics