Economy, asked by tansirpop2020, 2 months ago

Give examples for formal sources of credit

Answers

Answered by singhmahima262

1

Answer:

Formal sources of loans Informal source of loans

Formal sources typically charge lower interest rates. They charge much higher interest rates for informal sources.

Examples: Banks and cooperatives Examples: Moneylenders, merchants, workers, relatives and friends etc

Explanation:

Answered by radhikamangal2020

1

Here is your answer dear

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