Internal ownership of the national debt occurs when U.S.Treasury bonds are purchased by all of the following except
A)Foreign countries that we trade with.
B)The Social Security Administration.
C)The Federal Reserve System.
D)Individual U.S. citizens.

Question

Quizplus · Accepted Answer

The question is asking for which entity does not represent internal ownership of the national debt. Internal ownership refers to when the U.S. Treasury bonds are purchased by domestic entities. Choices B, C, and D are all domestic entities and therefore represent internal ownership. Choice A states foreign countries, which are not domestic entities and therefore do not represent internal ownership.

Internal Ownership of the National Debt Occurs When U