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Nostrana [21]
3 years ago
12

Please help !!!!!!!!!

Social Studies
1 answer:
ladessa [460]3 years ago
5 0
A is the answer!!!!!
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Why did Parliament establish the Navigation Acts?
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Why is the supervision of the functioning of formal sources of loans necessary? ​
olganol [36]

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.

Learn more about loans here: brainly.com/question/25599836

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3 years ago
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According to Jefferson which actions are a part of a citizens responsibility to participate in government?
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