Ancusia, an East Asian country, was plagued by war and corruption for several years. This led to poor economic conditions, and the government was compelled to borrow funds from other nations. Because of the slow economic growth in the country, the government could repay only 15% of its debts. In this scenario, the amount that the government is yet to repay is known as _____.

Question

Quizplus · Accepted Answer

The amount that the government is yet to repay is known as the federal debt, which refers to the total amount of money that a government owes to creditors.

Ancusia, an East Asian Country, Was Plagued by War and Corruption