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General Studies > economy > External Sector International Economics
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Question 1
Consider the following statements:<br/><br/>Statement-I: If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment.<br/><br/>Statement-II: The USA Government debt is not backed by any hard assets, but only by the faith of the Government.<br/><br/>Which one of the following is correct in respect of the above statements?
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