Match the following items in column A with those in column B and choose the correct answer from the options given below:
1
Column A Column B
(i) Formal source of (a) Cooperative
credit Societies
(ii) Informal source of (b)Commercial
credit Banks
(c) Landlords
2
Column A Column B
(i) System of exchanging (a) Money
goods.
(ii) Anything that is (b) Credit
generally accepted
as a medium of
payment for goods
and services.
iii) An asset that borrower (c) Barter
owns and uses as a system
guarantee against a loan.
(iv) An agreement in (d)Collateral
which the lender
supplies the borrower
with money, good or
service in return for the
promise of future
repayment.
plz give me both 1 and 2 number answer and I mark brainlist also
Answers
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Answer:
Formal sources of credit are:
Banks and Co-operative societies.
Reserve bank of India will supervise the activities of the banks and co-operative societies in India.
Employers do not fall under formal sources of credit lenders in our country
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