Which item is NOT public debt?
A) Treasury notes held by individuals
B) Treasury bonds held by banks
C) T-Bills held by the Fed
D) U.S. savings bonds held by pension funds

Question

Quizplus · Accepted Answer

Public debt refers to the government debt held by individuals, corporations, and entities outside of the government itself. T-Bills held by the Federal Reserve are considered part of the government's internal holdings and not part of the public debt.

Which Item Is NOT Public Debt