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Tag Archives: Borrowing Money
Consumers ‘In The Dark’ Over Overdraft Charges
Mark Dawson asked: Millions of Britons are unclear as to how much they are being charged for going into the red in their bank accounts, new figures reveal.In research released by MoneyExpert, some 30 million people (about two-thirds of the … Continue reading
Who finances a current account deficit (balance of payment)?
sonyboy812 asked: I read in an economic text book that a current account deficit is generally due to mainly transactions made by private individuals and companies trading. It goes on to say “a current account deficit is NOT a government … Continue reading
Are you OK with borrowing money from China to finance the Iraq war?
politicoswizzlestick asked: The war on Iraq cost more money than we pull in in taxes so we have to borrow the funds from foreign countries. Over the years since we have been in Iraq more and more foreign countries have … Continue reading