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federal debt
What else can I help you with?
What is the interest and the total amount of money that the US government has borrowed known as?
The National Debt
Define national debt?
the total amount of money that a country's central government has borrowed and is not still paid.
The total number of borrowed money the federal government has yet to pay back is called?
national dept
What is the total interest paid on the principal amount borrowed?
The total interest paid on the principal amount borrowed is the additional money paid on top of the original loan amount as compensation to the lender for borrowing the money.
What do you mean by fiscal deficit?
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.
What is the interest and total amount of money that the US borrowed?
either surplus or deficit :p
Is the price of money borrowed or saved called interest loan or money supply?
The price of money borrowed is called interest. When you borrow money, you pay interest to the lender as the cost of using their funds. Conversely, when you save money in a bank, you may earn interest on your savings. Money supply refers to the total amount of money available in an economy, which is a different concept.
What is the term for the original amount of money borrowed from a loan?
The term for the original amount of money borrowed from a loan is called the "principal." This is the initial sum that the borrower agrees to repay, excluding any interest or fees. The principal amount is crucial in determining the total repayment amount over the life of the loan.
What is the total amount borrowed called?
The total amount borrowed is referred to as the "principal." This is the initial sum of money that a borrower receives from a lender, which must be repaid, usually along with interest, over the term of the loan. Understanding the principal is crucial for borrowers as it determines the basis for interest calculations and repayment obligations.
What are principal and interest on a loan?
The principal is the initial amount borrowed in a loan. Interest is the cost charged by the lender for borrowing that principal amount. The total repayment amount on a loan typically includes both the principal and the interest.
How do lenders make money from borrowers?
Lenders make money from borrowers by charging interest on the money they lend. Interest is a fee that borrowers pay for the privilege of borrowing money, and it is typically a percentage of the total amount borrowed. This allows lenders to earn a profit on the money they lend out.
When we talk of interest rates are these the borrowing rates or the lending rates?
When we talk of interest rates , we are talking of the interest rate on the total amount of money borrowed by a person.
