The supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people.
<h3>What is loan?</h3>
Loan refers to the lending of money by one or more individuals or an organization to another. It is a sum of money that one borrow from a financial institution, usually a bank or credit union for business or personal purposes.
The supervision of the functioning of formal sources of loans is necessary to check whether the banks actually maintain the cash balance. Also, the banks should follow the right procedures of borrowing and lending money.
Hence, the supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people.
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The answer is true..........
Count Cavour believed in constitutional monarchy. Constitutional monarch ruled either by a king or a queen who follows the law at a constitutional level.
The answer is social capital. This is a type of monetary and social capital in which interpersonal organizations are focal; exchanges are set apart by correspondence, trust, and collaboration; and market specialists deliver merchandise and ventures not primarily for themselves, but rather for a common good.
Answer: I would say this is a fact
Explanation:
If it was an opinion it would contain some form of Bias, which it doesn't
