Social Sciences, asked by amanverma914vk, 2 months ago

Describes the importance of formal
sources of credit in economic
development?

Answers

Answered by Danson

Explanation:

Formal sources of credit gives money at less interest rates as compared to informal sector so the profit which the borrower earns is more. Answer: Formal sources of credit gives money at less interest rates as compared to informal sector so the profit which the borrower earns is more.

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