In Developing Nations, Microloans

question 20

Multiple Choice

In developing nations, microloans

• A)have enabled small businesses with limited access to credit to purchase capital and expand, allowing greater economic growth.
• B)have increased the indebtedness of impoverished people, slowing economic growth.
• C)are primarily used to finance consumption expenditure, leading to economic growth.
• D)are far too small to have any discernible effect.
• E)discourage saving and investment.

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