If all the nations in the world are in debt (am not joking, even US has got debts), where did all the money go?
Anonymous:
nice question!
Answers
Answered by
0
all the money is there with the political leaders and many others as black money
Answered by
1
The money stays among the nations. The money is redistributed according to needs and priorities.
Usually many nations deposit money into a bank or society or organization. This money is borrowed by some countries to do some work.
Some powerful countries accept deposits from some nations which want to deposit with powerful nations because of future security, favours wanted and support in future.
Nations or individuals want to borrow money for doing more things not possible with currently available funds. They do not want to disturb their current budgets for current plans. Also there is an obligation to produce, to increase productivity, and to pay interest and installments.
The borrowed money is used to execute projects, earn more , produce more, earn profits and then pay back installments. The world is full of countries which borrow money on one side for some internal projects, and also lend money for helping other countries.
The money flows in and out, with favours, help, sales and services going both ways.
Usually many nations deposit money into a bank or society or organization. This money is borrowed by some countries to do some work.
Some powerful countries accept deposits from some nations which want to deposit with powerful nations because of future security, favours wanted and support in future.
Nations or individuals want to borrow money for doing more things not possible with currently available funds. They do not want to disturb their current budgets for current plans. Also there is an obligation to produce, to increase productivity, and to pay interest and installments.
The borrowed money is used to execute projects, earn more , produce more, earn profits and then pay back installments. The world is full of countries which borrow money on one side for some internal projects, and also lend money for helping other countries.
The money flows in and out, with favours, help, sales and services going both ways.
i hope that answers the question.
click on the red heart thanks button please
Similar questions