The British government increased the national debt from $75 million to $133 million by borrowing from ________ and British banke

Question

noname [10]

3 years ago

9

The British government increased the national debt from $75 million to $133 million by borrowing from ________ and British banke

rs.

Business

1 answer:

Tpy6a [65] · Answer 1 · 2022-12-13T17:54:16+03:00

The British government borrowed from the Dutch and British bankers and this increase its national debt from $75 million to $133 million.

<h3>What is a national debt?</h3>

This means the total amount of all debts owed by the government of a country.

These debt are used to service infrastructure, cater expenditure when there are insufficient revenue to cater for such.

Therefore, the British government borrowed from the Dutch and British bankers.