When the Social Security Administration holds U.S. Treasury Bonds
A) interagency borrowing has occurred and the government owes itself.
B) there is a balanced budget.
C) an entitlement has occurred.
D) the gross public debt has increased.

Question

Quizplus · Accepted Answer

When the Social Security Administration holds U.S. Treasury Bonds, it is an example of interagency borrowing, meaning one part of the government owes money to another part, essentially the government owing itself.

When the Social Security Administration Holds U