Question

why do people borrow money from others​

Answer 1

Answer:

Usually, borrowing money from a financial institution can give you access to a larger sum of money than what you can borrow from friends and family. Another advantage of borrowing money from a financial institution or someone in the family is that the repayment process is flexible.

Explanation:

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Answer 2

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$one \: of \: the \: most \: common \\ reasons \: people \\ borrow \: money \: is \\ because \: they \: want \: \\ to \: purchase \: \\ something \: that \: they \: \\ are \: unable \: to \: pay \: cash \\ for \: . \\ the \: business \: expects \: to \: \\ make \: greater \: return \: \\ on \: their \: goods \: or \\ services \: than \: money \: \\ owed \: to \: the \: bank \: \\ through \: principal \\ and \: interest \: payments...$

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