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WAEC Agricultural Science 2010 Question 57

Question 57

Agricultural Finance

The source of credit with the most unfavourable terms of payment in West Africa is

  1. A.financial institutions.
  2. B.governments.
  3. C.marketing boards.
  4. D.money lenders.
Show the answer and explanation

Answer: D (money lenders.)

Explanation

Money lenders charge very high interest and demand quick repayment.