Question

Why is there a great demand for credit and loans?Explain.

For 5 marks, 20 points to the answerer.

No spamming please.

I need atleast five points in the answer.​

Answer 1

Answer:

${\bold{\red{\huge{Great\:demand\:for\:credit\:and\:loans}}}}$

Explanation:

║There is a great demand for loans and credit because with the help of this mechanism the debtors are able to fulfill their monetary needs at a given point in time.

║The debtors are able to invest in their farms, factories, houses, education of children, marriages etc. beyond their current economic capacities.

${\bold{\green{\huge{Hope\:it\:Helps}}}}$

Answer 2

Explanation:

║There is a great demand for loans and credit because with the help of this mechanism the debtors are able to fulfill their monetary needs at a given point in time.

║The debtors are able to invest in their farms, factories, houses, education of children, marriages etc. beyond their current economic capacities.