A measure of the unpaid claims lenders have against borrowers excluding the debt of financial institutions is called

Question

Quizplus · Accepted Answer

The measure of the unpaid claims that lenders have against borrowers excluding the debt of financial institutions is known as domestic nonfinancial debt. M1 and M2 are measures of the money supply, which include different types of money and financial instruments. "Money" is too broad of a term and does not specifically address the concept of unpaid claims.

A Measure of the Unpaid Claims Lenders Have Against Borrowers