Of the following, the largest single component of U.S. federal government expenditures is spent on Question content area bottom Part 1 A. transfers to state and local governments. B. purchases of goods and services for purposes other than national defense. C. Medicare and Medicaid. D. national defense. E. interest paid on the national debt.When a currency depreciates, its value has Question content area bottom Part 1 A. risen against another currency. B. been fixed against the value of another country. C. remained constant against that of another currency. D. fluctuated around a particular value. E. fallen against another currency