Credit is available from a variety of sources. These can be either formal sources or informal sources. At present, the poor have to depend on the informal sources mainly. Which of the following statements about informal sector is correct- (a) Money lenders use fair means to get their money back. (b) Money lenders ask for a reasonable rate of interest. (c) There are government bodies to supervise informal sector. (d) Cost of informal loans to the borrower is quite high.
Answers
Answered by
7
Answer:
d is the answer of your question
Similar questions