Economy, asked by kshsbnsms, 11 months ago

two formal source of credit?​

Answers

Answered by itzBrainlyBoy
14

Formal sources- Bank and Co-operatives. Informal sources- Moneylenders and traders. i. Formal sources such as bank gives loans at fixed amount of interest and such loans are not only for businesses and traders but it is also for farmers and small business.

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Answered by Nainu04
1

Answer:

1. commercial banks

2.cooperative societies

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