Ask Question
30 September, 08:41

A public debt which is owed to foreigners can be burdensome because: a foreign interest rates are persistently higher than domestic interest rates b payment of interest reduces the volume of goods and services available for domestic uses c payment of interest will conflict with a nation's foreign aid programs d payment of interest will necessarily have a deflationary effect on prices in the paying nation e payment of interest will necessarily have an inflationary effect on prices in the paying nation

+5
Answers (1)
  1. 30 September, 09:25
    0
    A public debt owed to foreigners can be burdensome because B) payment of interest reduces the volume of goods. This can usually be seen illustrated in the form of a nation lending another nation money. The debt is public because the whole nation takes it on. The lending nation then is lacking in terms of use by the lending nation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A public debt which is owed to foreigners can be burdensome because: a foreign interest rates are persistently higher than domestic ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers