What Is National Debt?
The US Treasury defines it as the total of outstanding loans of the federal government, built up over the country's history.
Video coming soon. The lesson video will appear here once it is published on YouTube.
Check yourself: sample questions
Think about each question, pick what you would answer if you like, then select “Show answer” to see the solution and why. Nothing is graded or sent to us. Example numbers are worked examples, not predictions.
1.What is national debt?
The US Treasury defines it as the total of outstanding loans of the federal government, built up over the country's history.
2.What is the difference between deficit and debt?
Memory hook: the deficit is the drip, the debt is the bucket; with a surplus the drip stops and the bucket can even get emptier.
3.What is a government bond?
Lenders can be savers, banks, pension funds, other countries or parts of the government itself.
Full course: 5 more questions for this lesson
The full course unlocks all self-check questions of all 365 lessons, the daily plan, your progress and the printable learning record. Lessons 1 to 7 are completely free.
See the full course Start the free week
Already bought? Open the course on this device
Sources (3)
Education only. Not financial advice.