Question

Terms and conditions of giving informal source of credit

Answer 1

Answer:

${\huge{\fcolorbox{aqua}{navy}{\fcolorbox{yellow}{teal}{\bf{\color{yellow}{Here is your answer}}}}}}$

Explanation:

(a) Informal sources of credit are moneylenders, traders, employers, relatives, friends etc. ... (c) Their terms of credit are flexible for the personal benefit of the lenders and condition of borrowers. (d) They generally charge higher rates of interest and exploit the borrowers for their own benifits.

${\huge{\fcolorbox{aqua}{navy}{\fcolorbox{yellow}{teal}{\bf{\color{yellow}{please Mark Me as Brainliest}}}}}}$