Which of the Following Statements Regarding the Differences Between Banks

question 88

Multiple Choice

Which of the following statements regarding the differences between banks and MFIs in the provision of credit facilities is untrue?

• A) both banks and microfinance institutions require borrowers to have physical collateral to secure funding
• B) clients come to the bank while microfinance institution goes to the clients
• C) the clients of the bank are relatively well-off whereas the clients of microfinance institutions are poor
• D) all of the above

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Definitions:

Binary Search

Binary search is an efficient algorithm for finding an item from a sorted list of items by repeatedly dividing the search interval in half.

Index Variable

Utilized in programming constructs to navigate through elements in data structures like arrays by incrementing or decrementing its value.

Loop Terminates

Loop termination occurs when a loop's continuation condition has ceased to be true, signaling the end of the loop's execution.

Insertion Sort

A simple sorting algorithm that builds the final sorted array one item at a time by repeatedly inserting a new element into the correct position.