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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

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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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During the pre-scientific stage, Motivation was reduced to voluntary activity, while, in the scientific stage, talking about Motivation implies referring to instincts, tendencies and impulses, which requires the necessary energy; but, in addition, there are also clear references to cognitive activities, which direct the behavior towards certain objectives. Therefore, the concept of Motivation today must consider the coordination of the subject to activate and direct their behavior towards goals.

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