2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the name for the total amount of money the United States government is authorized to borrow?
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debt ceiling (debt limit)
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credit limit
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The debt limit is the total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments.
There is 1 question to complete.