Question: True or false? If the statement is false, explain why: LO4 a. An internally held public debt is like a debt of the left hand

True or false? If the statement is false, explain why: LO4

a. An internally held public debt is like a debt of the left hand owed to the right hand.

b. The Federal Reserve and Federal government agencies hold more than half the public debt.

c. As a percentage of GDP, the Federal debt held by the public was smaller in 2007 than it was in 1990.

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