Political Science, asked by sarkarsanjana36, 6 months ago

which is a formal source of money

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Answered by Anonymous

The formal source of credit provide loans comparatively at the lower rate and collateral is required to obtain loan. It is supervised by RBI. It includes banks and cooperatives

Answered by Anonymous

Answer:

The formal source of credit provide loans comparatively at the lower rate and collateral is required to obtain loan. It is supervised by RBI. It includes banks and cooperatives.

Explanation:

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