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Is the price of money borrowed or saved called interest loan or money supply?
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A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
What word means money paid for a loan?
That is called interest, the main loan amount that you borrowed is called the principle.
What is the amount of money you will have to pay back in addition to the money you borrowed?
Interest
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is Payment made for the use of borrowed money called?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
How is the cost of interest similar to the price of any merchandise item?
The interest rate is such that the supply of money available to lend matches the demand for money to be borrowed.
What is the payment for the use of borrowed money?
Payment made for the use of borrowed money is called interest. Interest expense is shown on an income statement as a non-operating expense.
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What word means money paid for a loan?
That is called interest, the main loan amount that you borrowed is called the principle.
What is the interest charged by RBI on the money borrowed from it by various banks called?
Reverse repo Rate
What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?
public debt
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What is the predetermined amount the borrower must pay for the use of borrowed money?
Interest is a predetermined amount that a borrower must pay for the use of borrowed money. Interest is calculated as a percentage of the amount borrowed.
Word meaning the sum charged for borrowed money?
The money being borrowed is the "principal." The sum charged for borrowing the money is the "interest."
What is the amount of money you will have to pay back in addition to the money you borrowed?
Interest
