If a friend asks to borrow one of your possessions (an actual item that you own) what rules do you use to determine if you will let them borrow it or not?
Do those rules change if you are lending money to a friend? If they do change, what are the new rules you follow?
If you need to borrow an item from a friend, how do you determine which friend to ask?
If you need to borrow money from a friend, how do you determine which friend to ask?
Economic Concepts:
Supply and Demand
Mortgages
Interest Rates
Credit Scores
Background Knowledge:
Banks, Money, and Credit
Reflection
How is the process that banks follow for lending money similar and different from when you personally loan out money or items?