Government default is also called
A)debt restructuring.
B)debt rescheduling.
C)private sector involvement.
D)all of the above

Question

Quizplus · Accepted Answer

Government default refers to a situation where a government is unable to pay back its debt obligations. In such a scenario, the government may opt for debt restructuring or debt rescheduling, which involves negotiating with its creditors to modify the terms of the debt agreement. Private sector involvement may also be considered, where private creditors are enlisted to help with the debt restructuring process. Therefore, all the options listed in the question are correct ways to refer to government default.

Government Default Is Also Called