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What distinguishes informal financial systems from formal ones in terms of their primary attributes?a)Informal systems are regulated, while formal systems are unregulatedb)Informal systems are institutional, while formal systems are non-institutionalc)Informal systems are characterised by lack of regulations, while formal systems are regulated and institutionald)Informal systems cater to modern spheres of economy, while formal systems are for rural and lesser developed geographies.Correct answer is option 'C'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What distinguishes informal financial systems from formal ones in terms of their primary attributes?a)Informal systems are regulated, while formal systems are unregulatedb)Informal systems are institutional, while formal systems are non-institutionalc)Informal systems are characterised by lack of regulations, while formal systems are regulated and institutionald)Informal systems cater to modern spheres of economy, while formal systems are for rural and lesser developed geographies.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What distinguishes informal financial systems from formal ones in terms of their primary attributes?a)Informal systems are regulated, while formal systems are unregulatedb)Informal systems are institutional, while formal systems are non-institutionalc)Informal systems are characterised by lack of regulations, while formal systems are regulated and institutionald)Informal systems cater to modern spheres of economy, while formal systems are for rural and lesser developed geographies.Correct answer is option 'C'. Can you explain this answer?.

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