Which of the following is both direct and indirect credit enterprise?
Answer Details
A co-operative and thrift society is both a direct and indirect credit enterprise.
Explanation:
A co-operative and thrift society is a type of financial institution where members pool their resources to provide credit to each other. This makes it a direct credit enterprise because members can obtain loans directly from the society. At the same time, the society can also invest the pooled resources in other ventures, which can generate income that can be used to provide additional credit to members. This makes it an indirect credit enterprise. Therefore, a co-operative and thrift society is both direct and indirect credit enterprise.