Instructions: Please use this outline map of Europe to answer the question(s).
-Draw in the Iron Curtain,and label each of the countries bordering the Curtain.
Definitions:
Interest
The cost of borrowing money or the payment received for lending money, usually expressed as an annual percentage of the principal amount.
Simple Interest
A way of calculating interest where the interest charge is based on the original principal only and does not compound.
Repaid
The action of paying back borrowed money to a lender, either in installments or as a lump sum.
Loans
Sums of money borrowed that are expected to be paid back with interest, often under agreed-upon terms between lenders and borrowers.
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