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What is borrowing money?

Updated: 10/10/2023
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Wiki User

14y ago

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borrowing money is when you ask somebody to politely lend you a few dollars or even a wad of money, until you pay them back without interest.

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14y ago
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12y ago

education loan

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Q: What is borrowing money?
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Related questions

What are the advantages of borrowing money?

what are the advantages of borrowing money


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 a charge for borrowing money?

a debtor with a dick


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.


What is buying on margin?

its borrowing money to invest in the Stock Market


What is the amount of money charged for borrowing money?

Interest


What is call money and notice money?

The term "Call money" is borrowing or lending money for 1 day. The term "Notice money" is borrowing or lending money for a period of 14 or more days.


Against religion Muslims borrow money with interest?

Yes, borrowing money with interest is forbidden in Islam. Even borrowing money is seen as something unfavourable.


The amount of money charged for borrowing money is called?

intrest


Which best describes the economic effect that results when the government increases interest rates?

Borrowing money becomes more expensive and there is less investment in production.