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A country’s total financial obligations to the rest of the world are known as:

A country’s total financial obligations to the rest of the world are known as:

  • (A) Total burden
  • (B) Total debt
  • (C) National liabilities
  • (D) External debt
External debt, or foreign debt, is defined as the total financial liability of a country to the rest of the world. It encompasses all true current liabilities that require the payment of interest or principal in the future by residents to non-residents, including loans, bonds, and credits. External debt can be further divided into public debt, which is the liability of the government, and private debt, which is owed to foreign lenders.
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Related MCQs:

 ‘NATO’ is an abbreviation of:

March 18, 2026 No Comments
  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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