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The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called?
The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called the balance sheet.
The initial amount of money borrowed or saved?
principal
What is a pre-established amount that can be borrowed on demand?
Line of credit
When you borrowed $50 from your rich cousin, and then had to pay her back $60, what is the original $50 called?
The original $50 loan would be considered the principal amount. The extra $10 would be considered interest charged on the principal.
Is a charge levied for borrowing money generally earning a percentage of the amount borrowed?
Interest On E2020 Government quiz
The amount of money you borrowed is called the what?
The original amount of money borrowed is known as the principal.
A charge for borrowed money usually the percentage of the amount borrowed is called?
That is called "interest"
What is the total interest paid on the principal amount borrowed?
The total interest paid on the principal amount borrowed is the additional money paid on top of the original loan amount as compensation to the lender for borrowing the money.
The amount of money invested or borrowed is called what?
principal
When you apply for a loan at a bank What is the amount borrowed called?
Principal.
The amount of money deposited or borrowed is the?
It is sometimes called the capital.
What is the interest and the total amount of money that the US government has borrowed known as?
The National Debt
What is the interest and total amount of money that the US borrowed?
either surplus or deficit :p
Which refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
Which term refers to the predetermined amount an individual must pay for the use of borrowed money?
The predetermined amount an individual must pay for the use of borrowed money is called interest.
What is the total amount I will need to pay each month for my mortgage?
The total amount you will need to pay each month for your mortgage includes the principal amount borrowed, interest, property taxes, and insurance. This total amount is known as your monthly mortgage payment.
Define national debt?
the total amount of money that a country's central government has borrowed and is not still paid.
