Question

what are the differences from taking a loan from a moneylender and a bank?​

Answer 1

Answer:

Money lenders typically advance their own money while banks function by accepting deposits from their customers and withdrawals are regulated. Bank's accumulate funds can be lent to borrowers against securities or collateral. Additionally, depositors are paid interest by the banks and deposits can be withdrawn.

correct answer !!

Answer 2

Answer:

Money lenders typically advance their own money while banks function by accepting deposits from their customers and withdrawals are regulated. Bank's accumulate funds can be lent to borrowers against securities or collateral. Additionally, depositors are paid interest by the banks and deposits can be withdrawn.

Explanation: