Official Answer Key & Detailed Solution
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Correct Answer: Option (D) — 1, 2 and 3
Concept & Option Breakdown
Standard Reference VerifiedNon-financial debt consists of all credit instruments and liabilities issued by entities outside the financial sector—namely households, non-financial corporations, and general government:
- Housing loans owed by households represent household non-financial debt.
- Outstanding balances on credit cards are unsecured short-term debt of the household sector.
- Treasury bills are sovereign short-term debt instruments issued by the government sector. All three are components of non-financial debt.
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