The U.S. federal government is unlikely to default on its bond payments because:
A. if necessary, it can print the money needed to make payments on time.
B. its bond payments are insured.
C. the U.S. federal budget usually runs a surplus, providing ample funds for repaying debt.
D. of all of these.
A. if necessary, it can print the money needed to make payments on time
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A market is in equilibrium:
A. provided there is no surplus of the product. B. at all prices above that shown by the intersection of the supply and demand curves. C. if the amount producers want to sell is equal to the amount consumers want to buy. D. whenever the demand curve is downsloping and the supply curve is upsloping.
The income and wealth gap in the United States has
A. decreased in recent years. B. stayed the same in recent years. C. increased in recent years. D. helped reduce the federal budget deficit.