Higher rate of interest is charged in formal sector. (True/False)
Answers
Answered by
4
Answer:
The answer to your question is False.
Explanation:
Informal sector charge high rate of interest because there are no rules and regulations in informal sector . In formal sector the reserve bank see the functioning of banks but in informal sector there is no any officials that looks the functioning of the credit.
Answered by
3
Answer:
False
Explanation:
In informal sector intrest rate is higher
Similar questions