0
George Washington, otherwise a rich man by the standards of his time, was so land-poor that he had to borrow money in order to travel to his 1787 inauguration in New York.
Add your answer:
Earn +20 pts
Why do you borrow money?
There could be thousands of reasons people borrow money. To buy a car, a home, to take a vacation, there are too many reasons why people borrow money to list here. Hopefully you got the jest of this answer. There a numerous reasons for the borrowing of money but common ones are; home loans, purchasing of cars, insurance, purchssing of business companies etc. People borrow money in generall because they either cant afford something or they have no money in cash, so they borrow from the bank, the disadvantage however is that you have to pay it back, and what people don't realise is that the bank adds interest to the overall payment if you pay it over a period of time which is not in the month requested by the bank.
Who has the power to borrow money on behalf of the US?
the executive branch The legislative Branch can borow money on the credit of the u.s.
Does congress limit the presidents power to spend federal money?
Yes, Congress does have the power to limit the federal moneys that are spent by the President of the United States. The president must ask Congress to fund events such as wars that the country takes part in.
Why is the name for a ballot question that asks voters if they want to borrow money?
Bond issue
When you buy a US government savings bond youre doing so?
borrow money
Who was the second president to borrow money from social security?
clinton
What is the borrowing power of the president?
Concurrent powers give the power to borrow money.
Who has the power to borrow money?
everyone? if you mean in government the president can ask for loans from other countries
Why did President Cleveland turn to JP Morgan and Wall Street syndicate to borrow gold for the us treasury?
The government didn't have enough money, and couldn't borrow it from other countries.
Can I borrow money from a lawyer?
Well, you can borrow money from anyone if they agree to loan it to you.
Can you borrow money from your pension plan?
Can you borrow against money from your pension plan?
Why do farmers borrow money from the money lenders?
farmers have to borrow money to purchase seeds,fertilizers and pesticides.
When you buy U.S. government savings bond your doing so under the power given to the congress to?
The power that is given to congress is the ability to borrow money.
The best time for people to borrow money is when?
this is from social studies.the best time for people to borrow money is when
When you borrow money do you incur debt savings budgets or assets?
When you borrow money you incur debt.
Can states borrow money?
yes. states can borrow money from citizens through government bonds
Who decides how much money the government has to borrow?
Nobody decides how much money the government has to borrow. When the government wants to borrow money it has to issue or create debt with the US Treasury.
