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Cheap and affordable credit is important for a country.

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Detailed Solution

The above statement is true.
Cheap and affordable credit is important for the development of a country. This will increase the income of individuals, and people will be able to borrow at cheap rates to fulfil their various needs. It will make it possible for everyone to grow crops, do business, and set up enterprises that will provide employment. Setting up new industries or trade leads to the development of the economy as a whole. However, it must be kept in mind that too much credit is also not good for the economy as it will lead to inflation in the economy.

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