25 MILLION
government bonds.
A bond is a formal contract by the government to pay back money you loan to them.
No, the Government does not sell money to the banks. Instead they loan it to them at very low interest rates. The banks borrow money from the central bank a.k.a the government to use for their operations and repay the money along with the interest to them.
No, you cannot pay back a loan with the same loan money.
a loan renewal is a loan you already have and you need more money so you renew the that loan for more money
government bonds.
when government "prints" it, or when banks loan it.
Student Loan Forgiveness is when a student can't pay a loan that he owes and so the government has money to pay for that loan if he/she is unable to make the payments on it.
YesYes
You loan the government money. They agree to pay you back plus interest.
Loan money to the government for the war effort
A bond is a formal contract by the government to pay back money you loan to them.
The government can offset refunds by what it is owed...(the money would go to the student loan program).
No, the Government does not sell money to the banks. Instead they loan it to them at very low interest rates. The banks borrow money from the central bank a.k.a the government to use for their operations and repay the money along with the interest to them.
The loan was 7.1 billion not 100 trillion. They have paid back all of the loan.
Because that money is on loan from someone. It could be you through your 401k, or another nation. Most people and countries do not wish to loan money to anyone free of any cost. Would you be willing to loan trillions for no interest?
No, you cannot pay back a loan with the same loan money.