When the U.S. government spends more than it receives, it ...

[Pineapplelove6]

When the U.S. government spends more than it receives, it typically finances the shortfall by selling IOUs, commonly called _____.
 
  A) entitlements
  B) long-term loans
  C) credit vouchers
  D) treasuries
  E) interest investments

Question 2

Public debt refers to the total value of all outstanding:
 
  A) corporate borrowing.
  B) local government borrowing alone.
  C) federal government borrowing.
  D) borrowing by the public.
  E) borrowing by interest groups.

[stanleka1]

Answer to Question 1

D

Answer to Question 2

C

[Pineapplelove6]

Thanks for the timely response, appreciate it

[cam1229]

Gracias!