President Bill Clinton Issues Grave Warning on Debt Ceiling Fight
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Business, Social Studies
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget surplus?
When there is no income
When income exceeds spending
When income equals spending
When spending exceeds income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a concern regarding federal treasury bills in the past?
The bills would lose value
There would be no bills due to lack of debt
The bills would increase in number
There would be too many bills
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What challenge arises when there is no national debt?
Increased inflation
Higher taxes
Decreased government spending
Difficulty in setting interest rates on federal securities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to manage debt effectively?
To reduce taxes
To avoid paying high interest on debt
To increase national debt
To increase government spending
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is criticized about the debt limit rule in America?
It allows unlimited spending
It requires Congress to approve spending twice
It increases taxes
It reduces the national debt
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