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What is Formal And Informal Credit …

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What is Formal And Informal Credit ?📨

    • Posted by Anam Ansari 9 months, 3 weeks ago

    CBSE > Class 10 > Social Science
    • 2 answers

    Vizzen Nahata 9 months, 3 weeks ago

    Informal social control includes that which is exerted by our family, friends, and colleagues. Formal social control includes organizations or systems that use strict and delineated rules, values, and morals that we are commonly made to obey

    1Thank You

    Prachi Goud 9 months, 3 weeks ago

    Formal credit is the one taken from formal sources like banks and cooperative societies. They charge somewhat low interest rate. Informal credit is taken from informal sources such as money lenders or relatives. Theh charge a high interest rate.

    3Thank You

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