In Peripheral Cities,the Informal Sector Often Makes a Significant Contribution

question 147

True/False

In peripheral cities,the informal sector often makes a significant contribution to the formal sector.

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Definitions:

Liability

A legal obligation or responsibility to another party, often resulting in the requirement to pay damages or compensation.

Wholesale Funds Transfer

The process of transferring large amounts of funds from one institution to another, usually facilitated through electronic systems.

Payment Order

A written instruction to a bank or financial institution authorizing the transfer of a specific amount of money from one account to another.

Receiving Bank

A bank that receives transferred funds in a transaction, often in the context of wire transfers or other electronic payments.