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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