name the two different sources of credit
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Credit is an agreement in which lender supplies the borrowers with money, goods and services in return for the promise of future payment.
There are a two main sources of credit in India.
(i) Formal sources - e.g. Banks, Cooperatives
(ii) Informal sources - e.g. Money lenders, traders.
hope this'll hlp uh
There are a two main sources of credit in India.
(i) Formal sources - e.g. Banks, Cooperatives
(ii) Informal sources - e.g. Money lenders, traders.
hope this'll hlp uh
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