Question

The cost to the borrower of informal loans is much higher. It may lead to

a) Higher profits to the borrower

b) Larger part of the earnings of the borrowers being used to repay the loan

c) Higher profits to the banks

d) Easy availability of loan to the borrower​

Answer 1

Answer:

Larger part of the earning of the borrowers being used to repay the loan.

Explanation:

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