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Class 10 Social Science Medium Mcq English Medium

Why are formal credit sources preferred?

Question
Why are formal credit sources preferred?
They never require repayment
They are always interest-free
They are regulated and usually have clearer terms
They operate without rules
Answer
They are regulated and usually have clearer terms
Detailed Explanation
"They are regulated and usually have clearer terms" is correct because it matches the relevant NCERT concept or factual point from this chapter. — Examisthan.com
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