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What else can I help you with?
What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
When you borrow money from a bank the money charged to you for the loan is called?
It is called "Interest" (I'm not sure if this is right)
What is the interest rate that the Federal Reserve charges member banks to borrow money?
The interest rate that the Federal Reserve charges member banks to borrow money is called the federal funds rate.
What is the fee charged to borrow money called?
The fee charged to borrow money is called interest.
What do people pay to borrow money?
The loan is called the principal. People pay interest to borrow money, but payment is interest plus money toward the principal.
What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
The amount of money borrow is called the?
Principal is the amount of money you borrow. Interest is the fee charged by the lender (or bank) to use their money. The total amount of money you pay back is the principle + interest.
When you borrow money from a bank the money charged to you for the loan is called?
It is called "Interest" (I'm not sure if this is right)
What is the interest rate that the Federal Reserve charges member banks to borrow money?
The interest rate that the Federal Reserve charges member banks to borrow money is called the federal funds rate.
What is the price that you pay to borrow money called?
The price you pay to borrow money is called interest. It is typically expressed as a percentage of the loan amount and can be calculated on an annual basis, known as the annual interest rate. Interest compensates the lender for the risk of lending and for the opportunity cost of not using the money elsewhere.
What is money a person pays to borrow money?
Interest.
What is the the price paid to borrow money called?
The price paid to borrow money is called interest. It is usually expressed as a percentage of the amount borrowed, known as the principal, and can be calculated on a periodic basis, such as annually or monthly. Interest compensates the lender for the risk of lending and the opportunity cost of not using the money for other purposes.
If I borrow money knowing it has interest - is it up to me to pay it and if I do not is that stealing?
If you borrow money on agreed terms, including the obligation to pay interest, then choose not to pay the interest, that would be stealing.
When banks borrow money from each other?
Banks usually borrow money from one another when they are running short of cash. They charge a smaller interest (when compared to what interest gets charged to a normal loan customer) when they lend money to other banks. This lending interest rate is called Inter-Bank Lending Rate. Banks even go to the central bank of their country to borrow money if they need it.
What kind of interest works against you if you borrow money?
compound interest
