Economy, asked by ahsadevi788, 6 months ago

Define formal sources of credit?

Answers

Answered by Shivi01

0

Formal source of credit means that the loans will be given by rural banks, commercial bank, cooperative societies etc is called the formal source of credit.

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Answered by mohit810275133

1

Explanation:

HEY MATE

Formal sources go through a process of critical review and revision before they are published. The credentials of the author or creator are provided along with references and citations. Formal sources are most commonly found in academic library collections.

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