Social Sciences, asked by psyamala39, 9 hours ago

what is two different credit scenarios ​

Answers

Answered by MehramaMahil
11

Answer:

what is two different credit scenarios

Explanation:

These are as follows: Formal Sector- It includes banks and cooperatives that extend loans to households for entrepreneurship and other personal needs. The rates of interest charged by them are low. Informal Sector- It includes moneylenders, traders, employers, relatives, and friends.

Answered by rajrajendran604
0

Answer:

Formal Sector, Formal Sector

Explanation:

These are as follows: Formal Sector- It includes banks and cooperatives that extend loans to households for entrepreneurship and other personal needs. The rates of interest charged by them are low. Informal Sector- It includes moneylenders, traders, employers, relatives, and friends.

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