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What do you call an extra amount of money paid back with a loan as a charge borrowing?
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What is the amount of money charged for borrowing money?
Interest
Tell you 2 disadvantages of borrowing money?
1) if you cannot pay it back the lender is out of pocket. 2) you then owe that person and all extra money you have until you pay them back belongs to them. borrowing can be okay if the amount is under about £10 though
The amount of money charged for borrowing money is called?
intrest
The amount of money charged for borrowing or using money?
Simple Interest
What are interest rate?
Extra money you pay back for the priveledge of borrowing it.
What do you call a charge for borrowing money?
a debtor with a dick
Is a charge levied for borrowing money generally earning a percentage of the amount borrowed.?
Interest On E2020 Government quiz
Is a charge levied for borrowing money generally earning a percentage of the amount borrowed?
Interest On E2020 Government quiz
What is the amount of money charged for borrowing money?
Interest
What is a charge levied for borrowing money?
Interest e2020!
Tell you 2 disadvantages of borrowing money?
1) if you cannot pay it back the lender is out of pocket. 2) you then owe that person and all extra money you have until you pay them back belongs to them. borrowing can be okay if the amount is under about £10 though
The amount of money charged for borrowing money is called?
intrest
The amount of money charged for borrowing or using money?
Simple Interest
What are interest rate?
Extra money you pay back for the priveledge of borrowing it.
What is the amount charged for borrowing money called?
Interest.(:
Which branch of government is in charge borrowing and spending money in the US?
Congress
Why do banks give interest on deposit?
Banks make money by lending money to people and charging people for borrowing. The amount banks charge is called interest. Banks borrow money from other people and pay them interest on the amount borrowed. Banks charge more interest on the money they lend than they pay one the money they borrow. That is how they make money. When people deposit money with a bank, the bank is literally borrowing money from some people so they can lend it to other people. That is why banks pay interest.
