Which of the following best describes the "two faces of debt" concept?
A) Deficit spending units (DSUs) are sometimes Surplus spending units (SSUs).
B) Every financial asset is someone else's liability.
C) Intermediaries may own both direct and indirect financial assets.
D) The government is unable to control its federal spending.

Question

Quizplus · Accepted Answer

The "two faces of debt" concept refers to the idea that every financial asset is also a liability for someone else, highlighting the dual nature of financial instruments.

Which of the Following Best Describes the "Two Faces of Debt