Answer:
The tank was invented to break the stalemate of trench warfare on world wor l
Answer:
of Industrial revolution.
Explanation:
The industrial revolution provided the people with a new method of productions. This new method utilize latest technology that enable them to do mass productions with significantly lower cost compared to the previous methods.
The inventions brought in during the industrial revolution caused an economic Boom in England. Many people started to invested in England's economy and a lot of Factories were built in the process.
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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