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Public debt is all debt held by consumers and businesses while intragovernmental debt is securities issued by the Treasury to investors.
Public debt is securities issued by the Treasury to investors while intragovernmental debt are loans within the federal government from the excess funds of other agencies.
Public debt is lending within the federal government from other agencies while intragovernmental debt is debt incurred from government deficits.
Public debt is all debt held by consumers and businesses while intragovernmental debt is lending within the federal government from the excess funds of other agencies.
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The second sentence is correct.
Correct definitions:
- Public debt (debt held by the public): Treasury securities owned by investors outside the federal government — individuals, banks, mutual funds, foreign governments, and the Federal Reserve.
- Intragovernmental debt: special Treasury securities held by federal trust funds and other government accounts (e.g., Social Security trust fund) — essentially loans from one part of the government to another.
Note: Total national debt = debt held by the public + intragovernmental holdings.
Correct definitions:
- Public debt (debt held by the public): Treasury securities owned by investors outside the federal government — individuals, banks, mutual funds, foreign governments, and the Federal Reserve.
- Intragovernmental debt: special Treasury securities held by federal trust funds and other government accounts (e.g., Social Security trust fund) — essentially loans from one part of the government to another.
Note: Total national debt = debt held by the public + intragovernmental holdings.
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