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Why formal sectors of credit preffered …

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Why formal sectors of credit preffered over the informal sectors of credit. Give three reasons?

    • Posted by Abhishek Bhushan 6 years, 9 months ago

    CBSE > Class 10 > Social Science
    • 2 answers

    Rahul Krishnan 6 years, 9 months ago

    1)they are checked by an organization. 2)they lower intrest rates. 3)the consumer cannot be cheated. These are the reasons due to whichformal sector is preffered over informal sector

    1Thank You

    Aayushi Yaduwanshi 6 years, 9 months ago

    Because it have low interest

    0Thank You

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