13) Which of the following is an accurate description of the federal debt?

(no explanation required)

the government itself holds trillions of dollars of the debt

the net debt is greater than the gross debt

the debt/GDP ratio has declined over the past decade

the majority of the debt is owned by foreigners

18) Chinese investors in U.S. Treasury bonds are likely to favor:

(no explanation required)

having the Federal Reserve monetize more of the U.S. debt

higher inflation in the U.S.

an increase in the value of the dollar

an increase in U.S. interest rates