Borrowing | Baamboozle - Baamboozle | The Most Fun Classroom Games!

Borrowing

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What is borrowing

Getting money from a person or financial institution & agreeing to pay it back at a later date

What is the cost of borrowing

Interest

Give 2 reasons for borrowing

1. To pay for expensive items. 2. To deal with short term deficits 3. For emergencies

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