Which statement accurately compares public debt to intragovernmental debt?(1 point)

Question

Responses

Public debt is lending within the federal government from other agencies while intragovernmental debt is debt incurred from government deficits.
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.
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.

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 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 all debt held by consumers and businesses while intragovernmental debt is securities issued by the Treasury to investors.

Answer 1

The accurate statement comparing public debt to intragovernmental debt is:

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.

This definition correctly distinguishes public debt (which is held by the public and includes debt securities) from intragovernmental debt (which is internal borrowing between government accounts).