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Of BORROWING FUNDS from Form

Of BORROWING FUNDS from Form

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have you ever been out with friends and suddenly realized you needed to borrow money to pay for your lunch embarrassing right did you pay them back maybe with a few extra dollars as a thank you if you did you're a trustworthy person most people don't plan on asking a friend to loan them lunch money it's accidental but deliberately borrowing money from a bank for expensive purchases is common and the concepts are the same the bank loans you the money now and you pay them back at a later date or slowly over time with an extra amount as a fee for borrowing the money most people don't have the ability to pay cash for houses or cars and alone is the only way to buy them but you need to be smart about it so how exactly does a bank loan work the bank or other lender loans Money they're taking a risk how do they know the borrower will pay them back if your friend has to borrow money for lunch you probably trust them to repay you right but why would a ban

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