Interest payments and any principal repayments which are due on a country's external debt are known as ?
Correct answer: D. Debt service
- A. Debt Payment
- B. Service Charges
- C. Debt Charges
- D. Debt service
Explanation
Debt service includes both the interest due and the repayment of principal on a country’s debt. “Service charges” usually refers only to fees, not repayment of the borrowed amount.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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