Question

Why do informal sectors charge interest rate at their work own risk

Answer 1

"The higher interest rate of loan can mean that the amount to be repaid is greater than the earnings of the person in the informal sector.

It can be simply exchanged with any service or commodity. It resolves the problem of twofold coincidence of wants.

It makes financial activities quite free from each other.

• The absence of a regulatory body

• No paperwork

• Low scope

"

Answer 2

Explanation:

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