Question

explain informal sources of credit
koi hai kya
baat karo hmse​

Answer 1

$Answer$

(a) Informal sources of credit are moneylenders, traders, employers, relatives, friends etc. ... (c) Their terms of credit are flexible for the personal benefit of the lenders and condition of borrowers. (d) They generally charge higher rates of interest and exploit the borrowers for their own benifits.