Question

Manav needs a loan to set up a small business on what basis will decide whether to borrow from the bank of the money lender discuss




Ans:OLUTION:→

ᴍᴀɴᴀᴠ ᴡᴀɴᴛꜱ ᴛᴏ ꜱᴇᴛ ᴜᴘ ᴀ ꜱᴍᴀʟʟ ʙᴜꜱɪɴᴇꜱꜱ. ʜᴇ ɴᴇᴇᴅꜱ ᴛᴏ ᴋᴇᴇᴘ ᴛʜᴇ ʙᴇʟᴏᴡ-ᴍᴇɴᴛɪᴏɴᴇᴅ ᴛʜɪɴɢꜱ ɪɴ ᴍɪɴᴅ ᴡʜɪʟᴇ ᴅᴇᴄɪᴅɪɴɢ ᴡʜᴇᴛʜᴇʀ ᴛᴏ ʙᴏʀʀᴏᴡ ᴍᴏɴᴇʏ ғʀᴏᴍ ᴀ ʙᴀɴᴋ ᴏʀ ᴍᴏɴᴇʏ ʟᴇɴᴅᴇʀ:

ʜᴇ ɴᴇᴇᴅꜱ ᴛᴏ ᴄᴏᴍᴘᴀʀᴇ ᴛʜᴇ ɪɴᴛᴇʀᴇꜱᴛ ʀᴀᴛᴇ ᴄʜᴀʀɢᴇᴅ ʙʏ ʙᴏᴛʜ ᴛʜᴇ ʙᴀɴᴋ ᴀɴᴅ ᴛʜᴇ ᴍᴏɴᴇʏʟᴇɴᴅᴇʀ. ᴡʜᴏᴇᴠᴇʀ ᴄʜᴀʀɢᴇꜱ ʟᴇꜱꜱ ꜱʜᴏᴜʟᴅ ʙᴇ ʜɪꜱ ᴏᴘᴛɪᴏɴ.
ʜᴇ ɴᴇᴇᴅꜱ ᴛᴏ ᴀɴᴀʟʏꜱᴇ ᴡʜᴇᴛʜᴇʀ ʜᴇ ʜᴀꜱ ᴀʟʟ ᴛʜᴇ ᴇʟɪɢɪʙʟᴇ ᴅᴏᴄᴜᴍᴇɴᴛꜱ ʀᴇϙᴜɪʀᴇᴅ ʙʏ ᴛʜᴇ ʙᴀɴᴋꜱ ᴛᴏ ɢᴇᴛ ʜɪꜱ ʟᴏᴀɴ ᴀᴘᴘʀᴏᴠᴇᴅ.
ʜᴏᴡ ʜᴇ ᴡɪꜱʜᴇꜱ ᴛᴏ ʀᴇᴘᴀʏ ᴛʜᴇ ʟᴇɴᴅᴇʀ​

Answer 1

Answer:

Manav should apply for loan from a bank as money lender give money with high rate of interest whereas banks give loans with a very low rate of interest

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