Canadian Securities Course (CSC) Level 1 Practice Exam 2025 - Free CSC Level 1 Practice Questions and Study Guide

The correct answer is C. The National Debt refers to the amount of money that a government owes. It is the cumulative total of all the government's borrowing over time to cover budget deficits. This debt is usually in the form of government bonds or treasury bills. Options A, B, and D do not accurately define the National Debt. Option A refers to the Gross Domestic Product (GDP), option B refers to individual debt to the government, and option D is related to currency valuation.