People borrow money to buys houses, to buy cars, to start businesses, to gamble in Las Vegas, and for many other reasons, some good and some not so good.
this is from social studies.the best time for people to borrow money is when
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
There could be thousands of reasons people borrow money. To buy a home, to take a vacation, there are too many reasons why people would borrow money to list here. Hopefully you got the jest of this answer. There are numerous reasons for the borrowing of money but common ones are; home loans, purchasing of insurance, purchasing of business companies, etc. People borrow money in general because they either can't afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank
Can you borrow against money from your pension plan?
The suppier are people who saves money, While the demanders are people who borrow the money . NA GOD #
this is from social studies.the best time for people to borrow money is when
Creditors
the bank
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
Alot.
through taxes
they didnt use it
Because the people in power are stupid.
There could be thousands of reasons people borrow money. To buy a home, to take a vacation, there are too many reasons why people would borrow money to list here. Hopefully you got the jest of this answer. There are numerous reasons for the borrowing of money but common ones are; home loans, purchasing of insurance, purchasing of business companies, etc. People borrow money in general because they either can't afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realize is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank
The suppier are people who saves money, While the demanders are people who borrow the money . NA GOD #
Well, you can borrow money from anyone if they agree to loan it to you.
Can you borrow against money from your pension plan?