Question

The term "public debt" refers to:

• A. Money that individuals owe to financial institutions.
• B. The total amount of money held by a country's central bank.
• C. Profits earned by private corporations from international trade.
• D. Money that a government owes to its lenders

Answer 1

Answer:

D. Money that a government owes to its lenders

• Public debt is the total amount of money, including interest, that the government has borrowed from internal and external sources.