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Essay

Boombastic

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Issue:

Business

 

Written by:

Alexander R

 

Date added:

December 5, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1110

 

Was viewed:

3826 times

 

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Essay content:

Not all financial authorities agree that nations should carry a high level of public debt, as it can be inflationary. Rather than the level of debt, however, the most important consideration is the capacity of a nation to service its debt. Some long-term maturing debt is repaid by short-term borrowing that does not add materially to the total indebtedness...
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Rather than the level of debt, however, the most important consideration is the capacity of a nation to service its debt. Some long-term maturing debt is repaid by short-term borrowing that does not add materially to the total indebtedness. The redeeming of public debts includes the repayment of principal on maturity; amortization through periodic payment of part of the principal; and the buying up of government securities on the open market...
displayed 300 characters

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