If the interest rate on U.S. Treasury debt is 4.5 percent, how much interest do state and local governments collect each
Posted: Sun May 08, 2022 9:36 am
If the interest rate on U.S. Treasury debt is 4.5 percent, how
much interest do state and local governments collect each year from
the U.S. Treasury? (Assume a total debt of $21
trillion.) The percent of debt held by the state and local
governments is 3 percent.
much interest do state and local governments collect each year from
the U.S. Treasury? (Assume a total debt of $21
trillion.) The percent of debt held by the state and local
governments is 3 percent.