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asked ago in Economics by (64.5k points)

As per the reports published- in various journals and newspapers the 'small borrowers' in rural areas still prefer to take informal route for their credit needs. Which of the following is the 'informal route' of credit in financial sector?

(1) Credit cards 

(2) Loan against gold from financial institute 

(3) Debit cards 

(4) Money lender 

(5) None of the above

1 Answer

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answered ago by (58.9k points)
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Best answer

(4) Money lender

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