What is the difference between centralized and decentralized approaches to organizing the direct lending function?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 5TP: How might service industries predict revenue?
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What is the difference between centralized and decentralized approaches to organizing the direct lending function?

 

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lending money refers to the practice of loaning funds to an individual or organization with the expectation of repayment along with interest. This can be done through various financial institutions, online lenders, or through peer to peer lending platforms that connect borrowers directly with lenders.

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