ShmoopTube

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All right sy reading shmoop er's another set of paragraph

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for is a little different because here we have to

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read the passage Choose the best answer to the question

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that's the best answer not the right one for say

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all right peer to peer lending or social ending is

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a new process of connecting individual borrowers lenders without using

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traditional banks to obtain an unsecured loan Potential borrowers can

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post a request for a loan along with brief description

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how we'll use it to power and lenders are strangers

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there only knowledge of each other through the website although

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the idea seems very informal appear to pure loan contract

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the form a legally binding agreement between two parties Okay

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well it sounds like they're just explaining kind of how

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this whole thing works right So let's think about this

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we'll peer to peer lending is a formal binding agreement

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Kind of like when you meet a lot of crackers

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in a banana and do it the borrowers get to

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bypass traditional banks and score their loans online Well they'll

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still legally be required to pay the money back So

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the answer is b it's about how a formal agreement

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is created by peer to peer lenders right Loser ball

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Yeah peer to peer lending allows people to apply for

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loans from their bunny slippers but it isn't a casual

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arrangement According to passage It's Still legit legally binding right

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peer to peer loans aren't available through banks but through

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websites and borrowers and lenders are usually strangers So yeah 00:01:15.647 --> [endTime] money from friends like get really

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