The debt which depict the historical accumulated record of federal government expenditures is classified as __________?
Correct answer: A. national debt
- A. national debt
- B. international debt
- C. global debt
- D. contraction debt
Explanation
National debt is the accumulated borrowing of a country's federal government, reflecting past budget deficits and government expenditures financed through debt. International and global debt refer to broader cross-border or worldwide debt categories.
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Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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