Could you translate the problem in english?
It was important because it brought water to the crops
Answer:
The two categories of sources of credit are formal and informal sources.
Explanation:
The formal source of credit as the name implies is an official means of obtaining loans. Its features include,
1. It is administered by corporate institutions like banks and other lending bodies.
2. It is regulated by a body in the relevant country.
3. There are recognized and standard interest rates that must be paid by the borrower.
4. It is guided by laws which both parties are expected to keep.
The Informal sources of credit are unofficial means of borrowing funds There features include,
1. They can be obtained from friends, relatives, and acquaintances.
2. There are no standard interest rates as these are determined by the lenders.
3. There are no official bodies to regulate the lending process.
4. They are mostly used by poor businessmen and women who need small loans.
Answer:
True
Explanation:
Unlike the Public Works Administration that was created as a construction agency in response to the Great Depression, the Civil Works Administration was only a temporary program for job creation that was established during the Great depression. Its aim was the creation of temporary manual-labor jobs for unemployed people from 1933 to 1934. This administration hired workers for mainly sponsored projects at the time and projects funded by the government.
The answer to this question would be D