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

Question

Quizplus · Accepted Answer

The federal debt refers specifically to the sum of money that the government has borrowed and not yet repaid. The terms fiscal debt and monetary debt are more general and can refer to the debts of other entities besides the government. The term subprime loan refers specifically to a type of loan offered to borrowers with poor credit histories, and is not directly related to government borrowing. Therefore, the most appropriate choice is C, federal debt.

The Sum of All the Money Borrowed by the Government