Question

Which resource providers lend financial resources to a business with the expectation of repayment with interest?.

Answer 1

Creditors are the resource providers who lend financial resources to a business with the expectation of repayment with interest.

What do you know about Creditors?

A creditor is a party (individual or institution) that extends a loan by giving another company a loan that is intended to be repaid in the future.

A business that provides goods or services and does not want to be paid immediately is also a creditor, as the client owes the money for services already rendered.

Thus, Creditors are the resource providers who lend financial resources to a business with the expectation of repayment with interest.

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