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Earn +20 ptsQ: How much money has Australian Government borrowed from overseas?
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What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?
public debt
How did the government get the extra money to pay for its expense?
It borrowed money by selling bonds.
What is a certificate promising the government's repayment of money borrowed?
Bond
The ________ is the total accumulation of money borrowed by the government.?
federal debt
What is a certificate that represents money the government has borrowed from private citizens?
A Bond.
Could you borrow money from overseas such as US to switch my Australian home mortgage to a lower rate?
yes
How did the government pay for the war efforts?
The government raised taxes higher and borrowed money from banks and others to get the rest.
Is Australian money used elsewhere?
No it is used within Australia. It can be exchanged for other currency if you have some in an overseas location.
Why did the government borrowed large amounts of money during the revolutionary war?
War costs a lot of money. They are not free.
What is the interest and the total amount of money that the US government has borrowed known as?
The National Debt
In recent decades the Federal Government has borrowed money mostly to do what?
Finance special expensive projects.
Can Nepalese join the money making company?
Yes the nepalese can be on the the money making company, but the australian government does not want to because the nepalese money is to small in equal to australian dollars. Nepalese money $ 10 000 = Australian money $100
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