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  • 10-04-2024
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Discuss the advantages and disadvantages of borrowing money from money lenders

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neuchandika11
neuchandika11 neuchandika11
  • 10-04-2024

Answer:

Moneylenders typically charge much higher interest rates than banks or other financial institutions. This means that you will end up paying more in interest over the life of the loan. Another drawback of taking out a loan from a moneylender is that you may be required to provide collateral.

Explanation:

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