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WAEC Economics 2010 Question 42

Question 42

Public Finance

A component of the national debt of a country is

  1. A.taxation.
  2. B.bank saving.
  3. C.the budget.
  4. D.treasury bills.
Show the answer and explanation

Answer: D (treasury bills.)

Explanation

Treasury bills are short-term government borrowing and so form part of the national debt.