ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Debt is the amount of money you have in your checking account.
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Debt is the amount of money you have borrowed from a person or a business.
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Debt is the ability to borrow money.
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Debt is the amount of money you have in a savings account.
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Detailed explanation-1: -Debt Statement means a statement showing only the Financial Debt (as defined herein and to be calculated in accordance with Section 3.1.2) of the Companies as of the Effective Date; Sample 1.
Detailed explanation-2: -What Is the Cost of Debt? The cost of debt is the effective interest rate that a company pays on its debts, such as bonds and loans. The cost of debt can refer to the before-tax cost of debt, which is the company’s cost of debt before taking taxes into account, or the after-tax cost of debt.
Detailed explanation-3: -If you’ve borrowed money from friends, family, or anyone else and promised to repay them, then you are “indebted” to pay it back. This is called “debt.” Debt is money one person, organization, or government owes to another person, organization, or government.
Detailed explanation-4: -When a party or corporation borrows money to make big purchases or investments that are normally unaffordable and has to be repaid within a certain time, along with an interest, such borrowed sum is called debt.