The average maturity of the marketable debt in the United States:
A) is of little importance, unlike that of private corporations
B) has been constant for the last two decades
C) remains unchanged unless new obligations are issued
D) decreases day by day unless new obligations are issued to offset such decreases

Question

Quizplus · Accepted Answer

The average maturity of the marketable debt in the United States decreases day by day unless new obligations are issued to offset such decreases. This is because as the existing debt matures, it needs to be refinanced or rolled over, and if new debt is issued with shorter maturities, the average maturity of the total debt will decrease.

The Average Maturity of the Marketable Debt in the United