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Question
How is internal debt different from external debt? (One point)
Distinguish Between
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Solution
| Internal debt | External debt |
| Internal debt is the term used to describe public loans that the government of the nation issues; that is, the government borrows money from domestic institutions and individuals. | The term "external debt" describes the loans that the government has obtained from foreign persons, organizations, and governments in addition to loans from global financial institutions such as the World Bank and the IMF. |
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