Economy, asked by ayush7324, 1 year ago

arjun is seeking the best credit source to open cafe in his village where students and people can come and also use computer programmes According to you which credit source is best to fulfill this purpose​

Answers

Answered by vaishusk
6

formal source of credit is preferable becz.

they charge lower rate of intrest

borrower could improve himself/herself due to the availability of cheap and affordable credit

there is no possibility of debt trap and exploitation due to RBI's supervision


vaishusk: mark as brainliest
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