Which of the following portions of the national debt impose a net interest burden on the federal government?
A. treasury bonds held by government agencies
B. treasury bonds held by private investors
C. treasury bonds held by the Federal Reserve system
D. treasury bonds held in the Social Security Trust Fund
Answer: B
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The American Association of Retired Persons (AARP) provides checklists summarizing the voting and attendance records of legislators. Which of the following is true?
a. If the AARP's members were rational, it wouldn't have to do this. b. This policy is useless if AARP members are rationally ignorant. c. This policy is intended to reduce voters' rational ignorance by decreasing the cost of information. d. If AARP members read this information, their rational ignorance would be eliminated. e. If all voters in the nation read this information, their rational ignorance would be eliminated.
The largest percentage of the national debt is held by
a. foreigners b. the Federal Reserve c. U.S. individuals d. commercial banks e. federal government agencies and trust funds