Question

Write about the different credit arrangements for different categories borrowers in a village?​

Answer 1

Answer:

A wide variety of credit arrangements is there which includes credit cards, overdraft facilities, purchase agreements, and personal loans.

Explanation:

• A credit card is an easier arrangement that allows us to borrow money from our banks which issues the same to purchase goods.

• Bank loans are another type of credit that is the safest mode against property and it pays in limited time.

• Overdrafts help in ensuring safety to cover short arrears helps to compensate for temporary lack of cash.

Answer 2

Answer:

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