Conventional Microfinance Has Developed Multiple Sources of Income Through Partnership

question 60

True/False

Conventional microfinance has developed multiple sources of income through partnership and entrepreneurial commercial activities between the financial institution and the clients.

---

Definitions:

Bank Statement

A summary issued by a bank detailing the transactions in a customer's account over a specific period, including deposits, withdrawals, and balances.

Stop Payment

An order issued to a bank by an account holder not to pay a specific check that has been written and issued but not yet cashed.

Secondhand Car

A vehicle that has had one or more previous owners before the current possession.

Acceptor

A drawee of a draft who has promised to honor the draft as presented by signing it on its face.