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In mid-2018, the U.S. government owed $6 trillion to foreign governments. Why does the U.S. government borrow money to finance its budget from foreign countries
In mid-2018, the U.S. government owed $6 trillion to foreign governments. Why does the U.S. government borrow money to finance its budget from foreign countries rather than from domestic sources? Multiple Choice The United States has reached its domestic borrowing cap. Interest rates in the United States are too low. The United States prefers to diversify its borrowing in case of war or other disruptions. O U O Domestic lenders are unwilling to take on the risk. O The cost of capital lower in the global market
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