Social Sciences, asked by silga, 6 months ago

Importance of Formal and Informal Credit.

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Answered by anshikaawashti

1

Explanation:

Banks and cooperative societies constitute the formal sector of credit. Landlords, moneylenders, traders, relatives, friends and other sources of credit constitute the informal sector of credit. ... The credit activities of the formal sector are supervised by the Reserve Bank of India.

Answered by dassunita713

0

Answer:

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