1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iris [78.8K]
3 years ago
15

What are the two categories of sources of credit? Mention four features of each?

Social Studies
1 answer:
mafiozo [28]3 years ago
4 0

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.

You might be interested in
HURRY IM TIMED
Yakvenalex [24]

Answer:

Empire was surrounded by more powerful nations

Explanation:

Process of elimination. It wasn't destroyed by rivers and it wasn't invaded from over seas.

8 0
3 years ago
Read 2 more answers
Which of the following describes the Cloture Rule?
beks73 [17]
The Cloture Rule is what the Senate uses to break a filibuster
3 0
3 years ago
Read 2 more answers
The information age was when people first began using written communication for:
Karo-lina-s [1.5K]

<span>The Information Age is the first time people have used written communication for quick chats and instantaneous communication. Improvements in communication technologies including the internet and mobile computing enabled people to use written communication to exchange information instantaneously through messaging and online chats.</span>

7 0
3 years ago
Read 2 more answers
Which statements best describe signs of credible sources? Select three options. The information is relevant to the topic. The ar
mash [69]

Answer:

The website design is of professional quality.

The date is current or appropriate to the topic.

The author has valid credentials related to the topic.

Explanation:

A source is said to be credible when the information contained in the source is legit and unbiased. This is can be observed when the website/visual design is of professional quality and worth. They may include different inputs and layouts that indicate effort and dedication.

The data and information contained in the sources are latest and appropriate to the topic. They are mostly relevant and up-to-date.

Also in a credible source, one will find that the author will include valid credentials related to the topic. It helps them build good credentials and affiliations to certain interest groups.

3 0
3 years ago
GDP includes the goods and services produced A. by a​ country's citizens but not by nonminus​citizen's within the​ country's bor
labwork [276]

Answer:

B. within a country's borders by citizens and by nonminuscitizens minus the production abroad by the country's citizens

Explanation:

To justify the answer, I make a quotation from the bank of the republic of Colombia web page that provided the definition of GDP  "The GDP is the total of goods and services produced in a country during a given period of time. it includes the production generated by nationals resident in the country and by foreigners resident in the country, and excludes the production of nationals resident abroad" the previous definition is exactly how GDP works.

5 0
3 years ago
Other questions:
  • 2. When making a U-turn at an intersection, you should begin the maneuver __________ .
    6·2 answers
  • Sociologists consider _____ to be social or cultural and _____ to be biological
    14·1 answer
  • Although the state's authority derives from the implicit threat of physical force, when the state resorts to physical coercion t
    5·1 answer
  • Describe the battleroom. What importance do gravity,laser, and spacesuits have there
    7·1 answer
  • What type of energy is produced by the Sun, can pass through windows, and can warm the inside of a classroom?
    8·1 answer
  • What does the preamble say about the power of government? Select all that apply. If the government abuses its power, people’s na
    6·2 answers
  • GIVING BRAINIEST!!!!!!!!!!!!! B
    8·2 answers
  • What type of organism can produce it's own food​
    5·2 answers
  • What was the nickname given to general John Pershing's fighting force
    13·1 answer
  • What factors have impacted the ability of humans to live longer lives?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!