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Borrowing is when a person takes money from a bank with the intention of returning it at a later date. Credit cards, which let people pay with borrowed money, were invented in 1950. Learn about the places people can borrow money, types of loans, interest, and more in Borrowing, a title in the Economics series.

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Borrowing is when a person takes money from a bank with the intention of returning it at a later date. Credit cards, which let people pay with borrowed money, were invented in 1950. Learn about the places people can borrow money, types of loans, interest, and more in Borrowing, a title in the Economics series.