NECO Economics 2025 Objective — Question 39
Question 39 of 60 from the National Examinations Council (NECO) Economics 2025 Objective paper, with the correct answer and a full explanation.
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The payment of interest on loan taken by government is
- A. budget deficit
- B. capital repayment
- C. debt maturity
Explanation
Debt servicing refers to the payment of interest and principal on government borrowings.
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