Question 3

Imagine you are a member of a fishing family and you are discussing whether to take a loan from the bank for an engine. What would you say?

Answer

A fisherman takes a loan from a bank to purchase an engine and not from a moneylender. Banks loan interest is lower and the time period for the payment of loan will be long, where a family can get enough time to repay the loan. The banks are the reliable source of the loan that may not fall into the dept trap.

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