Consider the following statements:
Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II : The USA Government debt is not backed by any hard assets, but only by the faith of the Government.
Which one of the following is correct in respect of the above statements?
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Most repeated Topics from Economy in Last 5 years
Repeated Topics | Questions in Last 5 Years |
|---|---|
| Finance and Financial Markets | 27 (34%) |
| Money, Banking and Monetary Policy | 16 (20%) |
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| Infrastructure and Investment Models in India | 9 (11%) |
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