Question

give one difference betweem foramal lender and informal​

Answer 1

Answer:

Formal sources follow the sources of credit that are registered by the govt. and have to follow its rules and regulations whereas in informal sources include those small and scattered units which are largely outside the control of the government.

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Answer 2

• Formal sector loans are such loans which are taken either from the banks or the co-operatives.
• sector loans are those which are taken from moneylenders, traders, employers, relative and friends
• similarities of these two different types of writing are that they can be used to discuss the same topic or prove the same point. They both should have a reference page at the end, and they can have pictures inserted in them to enhance the reader's interest in the essay.