Which country first used a system of national bonds and a citizen-financed debt?
A)Britain
B)United Provinces
C)France
D)Prussia
E)The United States

Question

Quizplus · Accepted Answer

The United Provinces (modern-day Netherlands) were the first country to use a system of national bonds and citizen-financed debt in the early 17th century. This system allowed the Dutch government to raise funds for wars and other expenses by issuing bonds that citizens could purchase, providing a stable source of financing. It was later adopted by other European nations and the United States.

Which Country First Used a System of National Bonds and a Citizen-Financed