In 2018, U.S. individuals and private banks (and other ﬁnancial institutions) held about what percentage of U.S. federal debt?
A) 33 percent
B) 50 percent
C) 17 percent
D) 75 percent

Question

Quizplus · Accepted Answer

According to the data from the Treasury Department, as of September 2018, individuals and entities such as pension funds, mutual funds, and insurance companies owned about 17 percent of the U.S. federal debt. The Federal Reserve, Social Security trust funds, and foreign investors held the rest.