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WAEC Agricultural Science 1991 (August) Question 56

Question 56

Agricultural Finance

From which of the following sources can agricultural credits be more easily obtained by peasant farmers?

  1. A.Commercial banks
  2. B.Wholesalers
  3. C.Money lenders
  4. D.Government agencies
  5. E.Credit and thrift societies.
Show the answer and explanation

Answer: E (Credit and thrift societies.)

Explanation

Thrift and credit societies lend to members without strict collateral, at low interest.