0
What is the term used for an amount of money borrowed by the government and the interest on the money that is borrowed?
Wiki User
∙ 10y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the amount of money you will have to pay back in addition to the money you borrowed?
Interest
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is the interest and total amount of money that the US borrowed?
either surplus or deficit :p
What does a bank charge you when you borrow money from it?
When you borrow money from a bank, you are charged interest. interest is a fee for the use of someone else's mony and is usually a percentage of the amount of money borrowed. It is charged and paid each month, week, or day on the amount of borrowed money that has not yet been repaid.
Is borrowed money taxable?
Money that is borrowed is not taxable. If you borrow it and don't pay it back, it can be classified as income and be subject to income tax. If you borrow money and are not being charged interest, the government will consider the cost of interest to be income that is taxed.
What is the interest and the total amount of money that the US government has borrowed known as?
The National Debt
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.
What does the government pay when it borrows money?
It repays the borrowed amount plus an agreed upon rate of interest.
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
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 you will have to pay back in addition to the money you borrowed?
Interest
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
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.
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.
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 interest and total amount of money that the US borrowed?
either surplus or deficit :p
