Which of the Following Is TRUE of the Grameen Bank

question 81

Multiple Choice

Which of the following is TRUE of the Grameen Bank founded by Prof. Muhammad Yunus?

• A) It provides funding primarily to global conglomerates.
• B) It is a family conglomerate based in Bangladesh.
• C) It provides small-scale financial services to aspiring entrepreneurs in poor countries.
• D) It sells insurance in India for less than 20 cents.

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Definitions:

Price Ceiling

A legal maximum price that can be charged for a good or service, typically set by government regulation.

Shortage

A situation where the demand for a good or service exceeds the supply available at a specific price.

Rent Controls

Government-imposed limits on the amount landlords can charge tenants for leasing property.

Rental Units

Housing units that are available for rent, including apartments, houses, and townhouses.