What has been the historical approach of the United States regarding its financial obligations since 1789?
Yellen Says US Default Would Cause an 'Economic Catastrophe'

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The U.S. has relied on foreign aid to pay its debts.
The U.S. has occasionally defaulted on its debts.
The U.S. has frequently delayed payments.
The U.S. has consistently paid its bills on time.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one potential consequence of not addressing the debt limit?
Decrease in household payments.
Increase in job opportunities.
Rise in household payments on loans and credit cards.
Improvement in credit markets.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might a default affect American businesses?
Businesses would see an improvement in credit markets.
Businesses would face deteriorating credit markets.
Businesses would experience a surge in investments.
Businesses would have reduced borrowing costs.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who might be directly affected by the government's inability to issue payments?
Military families and seniors relying on Social Security.
Only foreign investors.
Only state governments.
Only large corporations.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the proposed solution to prevent an economic catastrophe due to the debt limit?
Congress must raise or suspend the debt limit without conditions.
Reduce government spending drastically.
Increase taxes on all citizens.
Rely on international loans to cover debts.
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