Debt held by the public includes all of the following, except _____
A) households.
B) firms.
C) Federal Reserve Banks.
D) federal agencies.
E) foreign entities.

Question

Quizplus · Accepted Answer

Debt held by the public consists of all debt owed by a government to external entities outside of itself. This includes debt held by households, firms, Federal Reserve Banks, and foreign entities. Federal agencies, however, are part of the government itself, so debt held by federal agencies is considered intragovernmental debt, not debt held by the public.

Debt Held by the Public Includes All of the Following