The total amount by the federal govt. of the owner of the govt. securities is called___________________?

Correct answer: A. Public debt

  • A. Public debt
  • B. Public finance
  • C. Public good
  • D. None

Explanation

Public debt is the total amount the government owes to holders of government securities and other creditors. Public finance is the broader study of government revenue, expenditure and borrowing.

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