Question

Government debt in the United States can be categorized in a number of different ways. For both debt definitions below please indicate all of the scenarios that are representative of the given type of debt. The net national debt includes Treasury bonds bought by The national debt includes Treasury bonds bought by First National Bank of Dallas First National Bank of Dallas. a little old lady in Peoria. the government of China. a citizen of Germany a citizen of Germany a little old lady in Peoria the Social Security Administration. the Social Security Administration the government of China

Answer 1

Answer : All the following

National debt is the total debt owned by Federal Government of US. Government owes to its buyers in the form of treasury bonds ,bills etc. US treasury bonds can be bought by individuals abroad and in the country, companies , financial institutions and foriegn government. Social security is the largest owners in all those. Where 2/3 is public debt only.

Hence all the above Dallas national bank, old lady, German Citizen , social security administration and China Government. All the bonds which bought by these are also counted in National debt as it is to be paid by the federal government to them.