The Difference Between the Amount Borrowed and the Amount Repaid

question 131

Short Answer

The difference between the amount borrowed and the amount repaid is referred to as ________.

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Definitions:

Income

The revenue brought in, consistently over time, from professional endeavors or investments.

Budget Constraint

The limits imposed on household choices by income, prices, and taxes, defining the combination of goods and services they can afford.

Income

Proceeds obtained, often periodically, from labor or investment returns.

Utility

A measure of satisfaction or happiness that consumers derive from the consumption of goods and services.