what is informal source of credit?
Share
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
landlords , moneylender, traders ,relative , friend and other source of credit constitute the informal sector of credit.
Answer:
Informal sources of credit are moneylenders, traders, employers, relatives, friends etc. (b) There is no government or private organisation that manages or check the credit activities performed by informal sources.
[tex]\\[/tex]