Question

What is different between Borrower and depositor

Answer 1

Answer:

borrower is who take the thing from other person for sometime and promise to return it I.e borrower

For eg if I take ask a pen from a friend then I am a borrower

Depositer is who deposit money or some precious things eg gold, silver, etc in a bank, locker facility, etc

for eg if I deposit money in bank then I am depositer

Answer 2

Answer:

Explanation:

Depositors can be individuals and households, financial and nonfinancial firms, or national and local governments. Borrowers are, well, the same. Deposits can be available on demand (a checking account, for example) or with some restrictions (such as savings and time deposits).