An oligarchy is ruled by few people therefore, an oligarchy can not have over 50 people ruling though most oligarchies have much smaller number of leaders.
Lewis and Clark was a group of men in the military, known as the Corps of Discovery and civilians. Led by their leader Meriwether Lewis and Lieutenant William Clark to explore the land obtained by the United States in 1803. Known as the Louisiana Purchase.
Answer:
Mt. Elbert is the highest point in the Rocky Mountain range.
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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