Which of the following statements is true?

Question

Quizplus · Accepted Answer

The U.S. national debt is significantly higher than $3.0 trillion, making statement A incorrect. Most of the national debt is actually held by domestic investors and government accounts, not foreign investors, which makes statement B incorrect. Treasury bills are short-term securities that mature in one year or less, not ten or more years, making statement C incorrect. Statement D is correct as a portion of the federal government's spending does go towards interest on the national debt, and while the exact percentage can fluctuate, it's a significant portion of the budget.

Which of the Following Statements Is True