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View Full Interview. The Legislative Branch is the only part of the government that can  authorize the borrowing of money. The Executive Branch can request  the money be borrowed but cannot authâ¦orize it. Avid political scientist with a strong focus on US History, including the political & military aspects of the US Civil War.
To understand amortization, letâs start with a brief overview of loans. There are two types: the first is a revolving loan, like a credit card. With a revolving loan, you have a line of credit for a particular amount (letâs say $1,000) that you can borrow from again and again. Your monthly payment depends on how much of that amount youâve currently borrowed.