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What is formal and informal source …

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What is formal and informal source of credit

    • Posted by Jarnail Sidhu 6 years, 7 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Jyoti Kumari 6 years, 7 months ago

    The formal source of credit are those credit in which the loans are given by banks and cooperatives with low interest rate and in informal sources loans are given by friends, landlords ,traders etc with high interest rate..

    2Thank You

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