Social Sciences, asked by wwwvmrvmr, 4 months ago

which is a better source of loans banks or money lenders? why?​

Answers

Answered by mddanishalam191416
30

Answer:

It is usually because bank interest rates can be lower. ... 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.

Answered by shaikshafi16850
14

Explanation:

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

I think it is helpful

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