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erica [24]
3 years ago
6

Why is the supervision of the functioning of formal sources of loans necessary? ​

Social Studies
2 answers:
olganol [36]3 years ago
7 0

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

enyata [817]3 years ago
6 0

\huge  \color{cyan}  \boxed{AnSwEr \: ♧}

Explanation:

  • As we know that bank should not only provide loans to rich sections of society but also to poor people nd should also follow the right procedures of borrowing and lending money.

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Although Erikson's stages of psychosocial development are sequential, the search for identity that begins in the stage of identi
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Although Erikson's stages of psychosocial development are sequential, the search for identity that begins in the stage of identity versus role diffusion is ongoing throughout adulthood.

<h3>Erikson's Stages of Psychological Development</h3>
  • A human goes through eight developmental stages that build on one another, according to Erikson. One encounters a problem at every step.
  • One gets psychological or character attributes by overcoming the crisis that assists him/her in becoming self-assured and healthy individuals.
  • Erikson's theory of psychosocial development gives one a perspective on how people evolve over the course of their entire lives.
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4 0
2 years ago
Which of the following was the most dangerous for prisoners in Andersonville Prison during the Civil War?
gavmur [86]

The first prisoners were brought to Andersonville in late February 1864. During the next few months, approximately 400 more arrived each day. By the end of June, 26,000 men were penned in an area originally meant for only 10,000 prisoners. The largest number held at any one time was more than 33,000 in August 1864. The Confederate government could not provide adequate housing, food, clothing or medical care to their Federal captives because of deteriorating economic conditions in the South, a poor transportation system, and the desperate need of the Confederate army for food and supplies. hope this helps

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3 years ago
Sociologists are interested in how social groups have changed over time. Of particular note is the degree to which individuals b
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Answer:

<u>D. Americans are less likely to identify themselves as group members today than in the past.</u>

Explanation:

Recently Americans do not difine themselves or identify themselves as a group members. In other times belonging to a certain gruop was part of a very importan aspect of americans. Americans identites can be based on another facts, maybe more individialistc aspects than actually belonging to a certain social group.

7 0
3 years ago
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