Of the following true statements, which statement might be a reason that budget deficits make interest rates go up?

• The increased demand for loanable funds in the private marketwill drive interest rates up.
• Tax revenue collected to make interest payments on the debt is given to Americans who can then use it to make purchases.
• They represent the difference between tax revenue and government expenditures.
• Large budget deficitsreduce the strength of the domestic currency.