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4: The ideal advance is one which is granted to a reliable customer for an approved purpose in which the customer has adequate experience, safe

4: The ideal advance is one which is granted to a reliable customer for an approved purpose in which the customer has adequate experience, safe in the knowledge that the money will be used to advantage and repayment will be made within a reasonable period. Keep this as a base of your discussion to explain the various forms of lending. Furthermore, enlist the principles which banks normally take into account while lending money

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