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