The sum of all the money borrowed by the government over the years and not yet repaid is the _____.
A)trade gap
B)subprime loan
C)federal debt
D)monetary devaluation

Question

Quizplus · Accepted Answer

The federal debt refers to the total amount of money borrowed by a government that has not been repaid. It is also known as national debt or public debt. The trade gap refers to the difference between a country's imports and exports. A subprime loan is a type of loan that is given to borrowers with poor credit history or high risk of default. Monetary devaluation refers to the deliberate reduction in the value of a country's currency. Therefore, the best choice is C, federal debt.

The Sum of All the Money Borrowed by the Government