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Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
What is the money or country has borrowed called?
The money that a country has borrowed is referred to as its "national debt" or "government debt." This debt is typically issued in the form of bonds or loans, which the government must repay over time, usually with interest. It can be held by domestic and foreign investors, including individuals, institutions, and other governments.
The national debt is 6 percent a year how long would it take for the debt to double?
12 years
What is the difference between national debt and public debt, and how do they impact a country's economy?
National debt refers to the total amount of money owed by a government, including both domestic and foreign debt. Public debt, on the other hand, specifically refers to the money owed by a government to its own citizens or institutions. Both national debt and public debt can impact a country's economy by increasing the burden of interest payments, reducing the government's ability to invest in other areas such as infrastructure or social programs, and potentially leading to higher taxes or inflation. Excessive debt levels can also make a country less attractive to investors and lenders, which can further harm the economy.
What is foreign Bond?
A foreign bond is a debt security issued by a foreign entity in a currency other than that of the country where it is issued. Investors can purchase foreign bonds to gain exposure to different markets and currencies, but it comes with exchange rate and geopolitical risks.
What did Robert Morris propose to help pay the national debt?
Robert Morris proposed a 5 percent tax on imported goods to help pay the national debt Robert Morris proposed a 5 percent tax on imported goods to help pay the national debt
What did Alexander believe was one of the benefits of his plan regarding the national debt?
Novanet: The plan would enrich investors and promote new businesses.
What did Alexander Hamilton believed was on of the benefits of his plan regarding the national debt?
Novanet: The plan would enrich investors and promote new businesses.
What did Alexander Hamilton believe was of the benefits of his plan regarding the national debt?
Novanet: The plan would enrich investors and promote new businesses.
Who borrowed the Philippine debt?
The Philippine debt has been borrowed by various creditors over the years, including foreign governments, international financial institutions like the World Bank and Asian Development Bank, and private investors. The country's debt profile includes both domestic and external debt.
What did Alexander Hamilton believe was one of the benefits of plan regarding the national debt?
Novanet: The plan would enrich investors and promote new businesses.
What did Alexander hamilton believe was one of the benefits of his plan regarding national debt?
Novanet: The plan would enrich investors and promote new businesses.
