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11y ago

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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 do you call a charge for borrowing money?

a debtor with a dick


Which branch of government is in charge borrowing and spending money in the US?

Congress


How do you understan borrowing in math?

Borrowing is the act of taking with intentions of returning it. If you borrow money, most people will charge interest on the money. Most banks charge interest yearly, sometimes monthly. The interest depends on who or where you borrow the money from.


What is the definition of interest in math terms?

The charge for borrowing something (money) or the return for lending it


What are the advantages of borrowing?

If someone borrows your money, you can charge them interest depending on how much they borrowed, and how long it takes them to pay it back.


The cost of borrowing money is called the?

The cost of borrowing money is called interest.


Why is the united states borrowing money from the nation for wars?

If you mean "why is the U.S. borrowing money from the U.N.", the answer is because the U.S. doesn't have enough of its own. If you mean "why is the U.S. borrowing money from the country" then the answer would be that the U.S. is not borrowing its own money, its just using it.


What the advantages about borrowing money?

you get money


What do you call an extra amount of money paid back with a loan as a charge borrowing?

The extra amount of money paid back with a loan as a charge for borrowing is called "interest." Interest is typically expressed as a percentage of the principal amount borrowed and compensates the lender for the risk and opportunity cost of lending the money. It can be calculated in various ways, including simple or compound interest, depending on the loan terms.


Where can you find out about borrowing money?

There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.