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A lender will normally lend funds if he needs it to make a purchase? True O False​
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3 votes
A lender will normally lend funds if he needs it to make a purchase?
True
O
False​

User Maggie Ying
by
3.1k points

1 Answer

8 votes

Answer:

False​

Step-by-step explanation:

A lender is any individual or institution that advances funds to another entity on conditions that they repay. Most lenders are commercial institutions that make funds available to individuals and firms at a cost. In other words, lenders provide credit services to households and businesses.

Borrowers seek funds from lenders. It is the borrower who requires funds to finance planned activities.

User Weston C
by
2.9k points
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