What are considered formal sources of credit?
Some formal sources of credit include (but are not limited) to the following:
* Banks and Traditional Financial Institutions
* Suppliers (providing credit in the form of an invoice payable after goods or services are received)
* Government (through direct lending, subsidies and tax incentives)
Formal sources of credit are those sources that provide credit in a transparent and regulated manner.
In academic writing, a "formal" source of credit is a published book, essay, or article. Online sources are also increasingly considered to be "formal" sources and may be cited as such. An "informal" source of credit would be a personal contact or an unpublished text, perhaps even a letter or other personal source of information. In each case, citation of the sources that one uses should be provided with as much information about each as…
In India sources of credit can be categorized into formal and informal sources. Formal sources of credit consist of commercial banks, regional rural banks, cooperative credit societies etc. Informalsources of credit are friends and relatives, moneylenders etc. Today, India has over 32,000 ruralbranches of commercial banks and regional rural banks (RRBs), some 14,000 cooperative bank branches, 98,000 primary agricultural credit societies (PACS) (Basu and Srivastava, 2005).
i). Inform credit tries to exploit the poor farmers and workers by charging a very high rate of interest on loans and imposing unreasonable terms of credit. ii). At present rich households avail the benefits of formal credit and poor have to depend on the informal sources due to some weak point like absence of collateral security etc. iii). Therefore it should be ensured that formal credit should provide credit at reasonable rates to all…
There are 5 major sources of Credit for Consumers. 1) Banks 2) Brokerage Firms 3) Credit Unions 4) Insurance Companies 5) Finance Companies Here is a website that will fully explain each of the 5 sources in simple terms. I hope this helps! http://www.buzzle.com/articles/sources-of-consumer-credit.html
A bibliography for a science project can be printed out on a separate sheet of paper or added to the end of any writing you did for the project. It is where you give credit to the sources you used when researching for the project. Bibliographies are formal and there are different styles with different rules on how to format one.
Sources of law can be viewed in two distinct ways, the first is the raw materials from which the law can be made and the second is the complete place were the law can be found. It is under these definitions that we have formal and informal sources of law. A formal source is one which has been created by a formally recognized institution while an informal source is one which is not the making…