wiz-icon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

Access to credit is a challenge for small businesses from both formal and informal sources.


A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A

True


Access to credit through formal source is almost impossible for small businesses as they lack guarantee and creditworthiness. Whereas, informal sources charge a very high interest fee on credit. Either way, small businesses face challenge to access credit.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction to Small Business
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon