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External debt is the portion of a country’s debt that was-
  • a)
    Borrowed by its citizen from abroad
  • b)
    Lent by its citizens to foreign governments
  • c)
    Borrowed by its government from abroad
  • d)
    Lent by its government to foreign government
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
External debt is the portion of a country’s debt that was-a)Borrowed ...
External debt is the portion of a country’s debt borrowed from foreign lenders, including commercial banks, governments, or international financial institutions.
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External debt is the portion of a country’s debt that was-a)Borrowed by its citizen from abroadb)Lent by its citizens to foreign governmentsc)Borrowed by its government from abroadd)Lent by its government to foreign governmentCorrect answer is option 'C'. Can you explain this answer?
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