The charge made for the use of borrowed money levied as a percentage of the amount of debt is refered to as:

Related MCQs

• A part of National Debt known as External Debt is the amount -
• The process of converting short term to long term debt by the sale of long term securities and using the funds raised to pay off short-term debt is called:
• A legal document between a lender and a borrower whereby the later agrees to certain conditions for the repayment of the sum of money borrowed; is called:
• When percentage change in demand for a commodity is less than percentage change in its price, then demand is said to be -
• The stocks of gold and foreign currencies held by a country to finance any calls that may be made from its creditors for the debt settlement are known as
• Excise duty is levied on -
• The duties levied on alcoholic liquors, narcotic drugs and opium come under—
• The tax levied on gross sales revenue from business transactions is called -
• Ad Valorem tax is levied -
• Taxes on professions can be levied by :