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What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
What is the difference between credit and debt?
Credit refers to money that is borrowed with the expectation of repayment, often with interest. Debt, on the other hand, is the amount of money that is owed to a lender or creditor. In simple terms, credit is the ability to borrow money, while debt is the amount that has been borrowed and needs to be repaid.
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.
What are financial goals?
Financial goals are plans you make in terms of the income you earn. The goals may include having a given amount of money at given time-frames.
What do you call a person who spends a lot of money?
A person who spends a lot of money is often referred to as a "spendthrift." This term describes someone who is extravagant or wasteful with their finances, frequently indulging in unnecessary purchases. Other terms for such individuals may include "profligate" or "big spender."
Is capacity the same as amount why or why not?
Amount can be a value in money terms, or the mass of an object. Neither is a capacity.Amount can be a value in money terms, or the mass of an object. Neither is a capacity.Amount can be a value in money terms, or the mass of an object. Neither is a capacity.Amount can be a value in money terms, or the mass of an object. Neither is a capacity.
Which of these terms refers to the amount of money loaned to consumers and businesses?
credit
Which of the following economic terms describes an increase in product price without the increase of money's worth?
Inflation is the economic term that describes an increase in product price without the increase of money's worth.
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
What does commission rate mean in math terms?
the term commission means the amount of money you earn
What is the definition of commission in math terms?
In math terms commission is the amount of money a salesclerk receives on a sale. A salesclerk receives a commission with their salary.
What terms describes the amount of thrust created per unit of mass of an engine and fuel?
Specific impulse is the term that describes the amount of thrust created per unit of mass of an engine and fuel. It is a measure of efficiency for rocket engines and is typically expressed in seconds.
Which of the following terms best describes the process by which the government controls interest rates and the money supply in order to influence the economy?
monetary policy
In money terms what comes after infinity?
There is no term that comes after infinity in regards to anything, money included. The word infinity means forever, on and on, never ending. To have an infinite amount of money would mean that the money never stops existing.
National income at factor cost?
It is measurd in terms of Cost Price. it means what amount of money is kept with people
What terms describes?
secondary xylem
When does the following terms describes myocardial contraction and relaxation?
When does the following terms describes myocardial contraction and relaxation?Read more: When_does_the_following_terms_describes_myocardial_contraction_and_relaxation
