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Question

The person who provides loan is known as a _______________.
  1. money lender
  2. borrower
  3. payer
  4. drawee

A
money lender
B
drawee
C
borrower
D
payer
Solution
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The person who provides loan is known as a money lender. In other words, the person who lends money to someone or any institution for the purpose of personal expenditure like consumption of goods and services or investment is known as a money lender.

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