Which of the following is not included in the calculation of the debt held by the public?
A) the debt held by banks
B) the debt held by firms
C) the debt held by the U.S. Treasury
D) the debt held by households
E) the debt held by foreign entities

Question

Quizplus · Accepted Answer

The debt held by the U.S. Treasury refers to the government's own account of the debt it owes to itself, and therefore it is not included in the calculation of the debt held by the public. The debt held by banks, firms, households, and foreign entities are all considered part of the debt held by the public.

Which of the Following Is Not Included in the Calculation