Suppose financial institutions didn't exist but you urgently needed a loan. Where would you most likely get this loan?\ A family member or friend\ A stranger\ Using core principles, identify an advantage and a disadvantage this arrangement might have over borrowing from a financial institution.\ Under Core Principle 3, an advantage of borrowing from this lender is that they would naturally have (Click to select)

about you than a bank. A disadvantage of that arrangement versus borrowing from a bank, according to Core Principle 4 , is that it could be (Click to select)

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difficult to find someone with the available resources at that particular point in time.

Suppose financial institutions didn't exist but you urgently needed a loan. Where would you most likely get this loan? A family member or friend A stranger Using core principles, identify an advantage and a disadvantage this arrangement might have over borrowing from a financial institution. Under Core Principle 3, an advantage of borrowing from this lender is that they would naturally have about you than a bank. A disadvantage of that arrangement versus borrowing from a bank, according to Core Principle 4 , is that it could be difficult to find someone with the available resources at that particular point in time