Which of the following is false?
A) Domestic nonfinancial debt (DNFD) is a measure of outstanding loans and debts accumulated in the present and past years.
B) DNFD refers to total credit market debt owed by the domestic nonfinancial sector including the U.S. government, state and local governments, private nonfinancial firms, and households.
C) Domestic nonfinancial debt excludes the debt of financial institutions-those institutions that borrow solely to re-lend.
D) DNFD is the broadest monetary aggregate.
Correct Answer:
Verified
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