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Explain the term Internal debt. - Economics

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Questions

Explain the term Internal debt.

Explain the following:

Internal debt

Answer in Brief

Solution

When the government takes loans from the residents of the country, which may include individuals, households, institutions etc. then such a loan is known as internal debt. The internal debt may be voluntary or compulsory.

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Concept for Public Debt
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Chapter 12: Public Debt - Exercise [Page 190]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 12 Public Debt
Exercise | Q 4. (i) (a) | Page 190
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