National debt & CIA Factbook.


C

conkersack

Hello there,

I have been looking at the CIA Factbook and I was wondering if someone
would be able to explane the difference between the External debt and
the Public debt? (I didn't really understand the explanations given on
the site)

I don't have much background in finance / economics, so if you could
use one syllable words, that'd be great.
 
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D

Daytona

Hello there,

I have been looking at the CIA Factbook and I was wondering if someone
would be able to explane the difference between the External debt and
the Public debt? (I didn't really understand the explanations given on
the site)

I don't have much background in finance / economics, so if you could
use one syllable words, that'd be great.
You're right to ask, misleading terms are often used. I've heard
public debt to refer to both government and individuals debt.

The 3 main categories are -

government debt
individuals debt
business debt


Daytona
 
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C

conkersack

Daytona said:
You're right to ask, misleading terms are often used. I've heard
public debt to refer to both government and individuals debt.

The 3 main categories are -

government debt
individuals debt
business debt
Cheers Daytona, I'll have a look at these.
 

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