WAEC Economics 2011 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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A component of the national debt of a country is
- A. A. taxation
- B. B. bank savings
- C. C. the budget
- D. D. treasury billsCorrect
Explanation
Treasury bills are government securities sold to borrow from the public. It forms part of the national debt.
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