Question

cheap and affordable credit is crucial for the country's development explain the statement with an example. pls answer it as soon as possible.. ​

Answer 1

Answer:

hmm

Explanation:

Answer 2

Cheap and affordable credit is crucial for the country's development is it can contribute towards more money supply.

Explanation:

• Chief and affordable credit is important for ensuring the development of a country.
• When credit is available at an affordable rate, more people can buy money. This would mean there will be more investment in businesses as well as in savings.
• This would mean that the money is used for developmental activities which would create more employment, generate more income, and increase the money supply in the economy.
• Therefore the given statement is correct.