ICSE Class 10 Answered
What are the three sources of public borrowing?
Asked by Topperlearning User | 24 Apr, 2015, 07:39: AM
Expert Answer
The three sources of public borrowings are:
- An individual may purchase government bonds and other types of securities.
- Banks may also purchase government bonds. Banks are forced to hold government securities in a certain proportion to their deposits.
- The government can raise external loans from international agencies such as the International Monetary Fund, the World Bank etc.
Answered by | 24 Apr, 2015, 09:39: AM