Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. “banks only lend money to those who donâ€

“Banks only lend money to those who don’t need it.” Discuss how this old saying might...

80.2K

Verified Solution

Question

Economics

“Banks only lend money to those who don’t need it.” Discuss howthis old saying might apply to start-up entrepreneurs.

Answer & Explanation Solved by verified expert
3.7 Ratings (634 Votes)
Bank provides loans to all those who fulfills basic criteria of receiving loan It includes submission of proper documents loan repaying capacity collateral security etc In some cases people require    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

Patricia Kuhl: The linguistic genius of babies. Please watch this Ted Talk and then answer the...

Basic Math
1.2K views

Filling boxes with consistent amounts of its cereals is critical to General Mills's success. The filling...

Accounting
1.2K views

1) which balance day adjustments are classified as current liabilities in the balance sheet ? 2) cartage...

Biology
1.2K views

Question 10 Points 2 What is an economic system characterized by private or corporate ownership...

Geometry
1.2K views

12 Let K be the midpoint of the side AB in ABCD and L divide...

Basic Math
1.2K views

Question 9 Points 2 What musical structure governed composition of the twentieth century No single...

Calculus
1.2K views

X 16 Solve the following system of equations 3x 5y Sz 21 4x 5z 17...

Accounting
1.2K views

Cathy and Tom's Specialty Ice Cream Company operates a small production facility for the local...

Accounting
1.2K views

Choctaw Company completed the following transactions in Year 1, the first year of operation: ...

Accounting
1.2K views

If the demand for an item is dependent, then the timing and quantities must be...

Accounting
1.2K views

TB MC Qu. 22-84 Two investment centers... Two investment centers at Marshman Corporation have the...

Accounting
1.2K views

Using Interrelations of Financial Statements Answer each of the following separate questions. a. Given comprehensive...