A component of the national debt of a country is

  • A taxation
  • B bank saving
  • C the budget
  • D treasury bills

The correct answer is D. treasury bills

treasury bills are government debt securities issued to the public through the central bank, to raise money. What this means is that, when the government sees the need to control the flow of money when there is excess money in circulation in the economy, they issue debt securities to inviting people to invest that excess money and get paid interest when the security matures.

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