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Formal or informal credit

Exercise and reference answers

Upper category
Formal
Lower category
Informal
Items
  1. Category
    Formal
    Item
    Bank
  2. Category
    Formal
    Item
    Co-op
  3. Category
    Formal
    Item
    Supervised
  4. Category
    Formal
    Item
    Low rate
  5. Category
    Informal
    Item
    Lender
  6. Category
    Informal
    Item
    Trader
  7. Category
    Informal
    Item
    Employer
  8. Category
    Informal
    Item
    High rate
Instructions
Send each clue to the formal credit track or the informal track.

Explanation

_Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._
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