FUND CORP FINANCE LL+MYFINLAB >IP<
FUND CORP FINANCE LL+MYFINLAB >IP<
2nd Edition
ISBN: 9781269932110
Author: Berk
Publisher: PEARSON C
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Chapter 15, Problem 4P
Summary Introduction

Federal debt: Federal debt is the amount of the debt that U.S government owes to its creditors. This is the debt which is issued by the federal government. Federal debt is also known as national debt. For raising the finance U.S government issues Treasury bill, Treasury notes Treasury bonds and long-term bonds. The bonds issued by the U.S government are called Treasury securities.

To determine:

Kind of securities that U.S government uses to finance the federal debt

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