all the money borrowed by the federal government over the years and still outstanding is known as public debt.
all the money borrowed by the federal government over the years and still outstanding is known as public debt.
all the money borrowed by the federal government over the years and still outstanding is known as?
public debt
gross debt includes both public debt and intragovernmental holdings—money borrowed from federal funds such as medicare and social security.









































section::::united states.:u.s. federal government.:nixon and carter.
balanced budget amendment
the sum of the daily balances of the previous two cycles is used, but interest is charged on that amount only over the current cycle. this can result in an actual interest charge that applies the advertised rate to an amount that does not represent the actual amount of money borrowed over time, much different that the expected interest charge. the interest charged on the actual money borrowed over time can vary radically from month-to-month (rather than the apr remaining steady). for example, a cardholder with an average daily balance for the june, july, and august cycles of $100, 1000, 100, will have interest calculated on 550 for july, which is only 55% of the expected interest on 1000, and will have interest calculated on 550 again in august, which is 550% higher than the expected interest on the money actually borrowed over that month, which is 100.
credit card interest