Question

which is a BETTER source of loans -banks or money lenders? why,?

pls ans​

Answer 1

Answer:

Banks typically have a lower cost of funds than other lenders. Depositors (their retail customers) keep a lot of money in their checking and savings accounts. Thus, banks have easy access to those funds to lend out.

Answer 2

Answer:

Banks typically have a lower cost of funds than other lenders. Depositors (their retail customers) keep a lot of money in their checking and savings accounts. Thus, banks have easy access to those funds to lend out.

Explanation:

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