Which of the following explains how the cost of borrowing on the national debt would be affected if the federal government defaulted on its debts?(1 point)
A)The cost of borrowing would decrease because a default results in lower interest rates for consumers and businesses.
B)The cost of borrowing would decrease because the demand for buying additional debt decreases.
C)The cost of borrowing would not be affected because a default restructures the payments with the lenders.
D)The cost of borrowing would increase from investors demanding higher interest rates on Treasurys.