Which of the following is true if all the national debt were owned internally?
a. The federal government would not need to refinance the national debt.
b. The federal government would not need to worry about raising taxes to pay interest on the national debt.
c. We would still be concerned about the effect on the distribution of income from interest payments on the national debt.
d. All of these are true.
Question 2
If a box of Swiss chocolate priced at 100 francs can be purchased for 50, the exchange rate is:
a. 0.50 francs per dollar. b. 4.00 francs per dollar.
c. 0.50 dollars per franc. d. none of these.
