answersLogoWhite

0

What are the advantages of borrowing?

Updated: 9/16/2023
User Avatar

Wiki User

12y ago

Best Answer

If someone borrows your money, you can charge them interest depending on how much they borrowed, and how long it takes them to pay it back.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the advantages of borrowing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the advantages of borrowing money?

what are the advantages of borrowing money


What the advantages about borrowing money?

you get money


What are the advantages and disadvantages of borrowing money?

io


Advantages of borrowing money from princes trust?

nothing


What are some disadvantages and advantages on cultural borrowing?

Disadvantages of cultural borrowing include the potential for misrepresentation or misappropriation of the original culture, perpetuation of stereotypes, and loss of cultural integrity. Advantages can include promoting diversity, fostering understanding and appreciation of different cultures, and encouraging creativity and innovation through cross-cultural collaboration.


What are the advantages of a stable currency?

Advantages of a stable currency can include lower borrowing costs and low inflation. A better economy and more investing are other advantages of stable currency. Stability creates confidence. It also allows for better planing as the problem of widely fluctuations in these markets keeps investors away leading to the possibility of even more instability. It's not always clear why this can lower borrowing costs.


Disadvantages of borrowing?

you don't get to keep the object. what is meant by borrowing


When was Borrowing Matchsticks created?

Borrowing Matchsticks was created in 1980.


Is borrowing a horse without permission the same as stealing?

There is no such thing as borrowing without permission. Borrowing requires that the borrower have permission.


Why is social science a borrowing science?

its a borrowing science because.... PIE!


Is the first airplane an example of cutural borrowing?

No,it has nothing to do with 'cutural borrowing'


What is selective borrowing?

Selective borrowing is when you borrow something that you uourself have selected