Question

Why should credit at reasonable rates be available to all? Describe any four reasons.​

Answer 1

Answer:

Explanation:

Credit refers to the loan that a person, company or organization takes from banks or financial concerns in return of a rate of interest.

Credit should be available at reasonable rates because on one hand if the rates are low, people will easily be able to return the loan and secondly they will improve loan borrowing power of people, invariably affecting their business and personal success.

Answer 2

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Credit should be available at reasonable rates because on one hand if the rates are low, people will easily be able to return the loan and secondly they will improve loan borrowing power of people, invariably affecting their business and personal success.

Hope its helpful...........!!

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