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The debt borrowed by the government from within the boundaries of the country is called as ______ debt. - Economics

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Question

The debt borrowed by the government from within the boundaries of the country is called as ______ debt.

Options

  • Internal

  • External

  • Wholesale

  • Retail

MCQ
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Solution

The debt borrowed by the government from within the boundaries of the country is called internal debt.

Explanation:

Internal debt is defined as cash borrowed by the government from persons and entities within the country.

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