Social Sciences, asked by Jackie00765, 1 year ago

discuss the difference between the formal and informal source of c r e d i t​

Answers

Answered by SamanMirza
0

loans that are given by banks and co -oprative institutions are called formal sector of credit

loans that are given by friends and relatives are called informal source of credit


SamanMirza: at the place of sector there will be source
SamanMirza: sorry
Jackie00765: what
SamanMirza: In formal source i have written by mistake at the place of sector there will be source
Jackie00765: ok no problem
SamanMirza: understand
Jackie00765: yee
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