what is the difference between moneylender and a trader
Answers
Answer:
Key Takeaways. Fiat money has no intrinsic value, while legal tender is any currency declared legal by a government. Governments can issue fiat currency and make it legal tender by setting it as the standard for d
Explanation:
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Answer:
Moneylenders and Traders both occupation are both related to money. Moneylenders are those people who give money directly and set a time amount and a payback of interest with it.
whereas Traders are those people who Trade money in exchange for goods or items and sells them in double amount.
Explanation:
Moneylenders
Moneylenders for example- Merchants or peasants ( small scale) can lend money in the brokerage of any item mostly valuable like- a piece of gold jewellery, vehicle or land as a form of proof for lending money to the debtor.
The debtor, after gaining a certain amount back can take his/her valuables and pays the debt with interest to the lender.
Traders
Traders for example- Market dealers, furniture dealers or any type of business dealer make a deal with the former of purchasing or selling a bulk quantity of goods and gains his profit or loss with it.
To know more about "Moneylenders" click on the link below
https://brainly.in/question/49437607
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https://brainly.in/question/6172996
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