What Is the Meaning of the Phrase: "The National Debt

Multiple Choice

What is the meaning of the phrase: "the national debt is also a national credit"?

A) Only interest payments on the national debt constitute an economic burden.
B) Official figures seriously understate the size of the national debt.
C) What is owed must equal what is owned.
D) The national debt is equal to the physical assets owned by the government.
E) The national debt is a government debt held by the Bank of Canada and both of these are public institutions.