Single Answer MCQ
Q-00015902
How do small borrowers typically differ in their credit sourcing compared to large businesses?
1
They primarily rely on banks
2
They often use informal lenders
3
They seek loans with no interest
4
They are not in need of loans
Answer and Solution
Answer
B. They often use informal lenders
Solution:
Small borrowers often rely on informal lenders due to limited access to formal credit sources, while large businesses can access more formal institutions.
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