Suppose the public debt of the United States consisted of the following types of security issues (all figures in billions of dollars):
Treasury bills $750
Savings bonds and notes 180
Government account series 1,500
Federal Government currency 6
Treasury bonds 600
Special note issued to foreign investors 45
Treasury notes 2,200
Special Bonds and Notes sold to states 165
and local governments
Calculate the following: total marketable debt, total nonmarketable debt, total interest-bearing debt, and gross public debt.
total marketable debt:
total nonmarketable debt:
total interest-bearing debt:
gross public debt:
Total marketable include: Treasury bills, Treasury bonds, Treasury notes, Treasury inflation protected securities (TIPS) and federal financing banks (www.treasurydirect.gov).
Total nonmarketable includes: domestic series, foreign series, REA series, and state and local government series, United States saving securities, United States inflation saving securities, government account series and hope series (www.treasurydirect.gov).
Interest bearing debt includes all securities in which the government will pay interest to the securities owner on a regular basis (www.eh.net). Almost all public debt is categorized in the interest bearing category except special notes issued to international money funds and obsolete currency (www.eh.net). Interesting ...
Public debt in the United State security issues are examined.