Question

what is two different credit scenarios ​

Answer 1

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.

Answer 2

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.