Economy, asked by dishuss1860, 10 months ago

Describe the merits and demerits of formal sources of credit

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Answered by meenayadav45411

Answer:

Advantages and disadvantages of formal and informal sources of credit. These institutions are regulated by the Reserve Bank Of India. Their rates of interest for loans are controlled. There is no exploitation by the lenders. Everyone can take a loan that includes big businessmen as well as the small cultivators

Explanation:

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Answered by sanjaysanjay22886

Answer:

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