Social Sciences, asked by tanishmanojsapate7, 3 months ago

Arun is one of the few people in Sonpur to take a bank loan because.

• Other people in the village prefer to borrow from the moneylenders.

• Banks demand collateral which everyone cannot provide.

• Interest rate on bank loans is same as the interest rate charged by the traders.

Answers

Answered by princess447
6

Answer:

Other people in the village prefer to borrow from the moneylenders.

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Answered by ekansh07
2

Answer:

Banks demand collateral which people cannot provide

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