Microloans in the SBA Credit Program Are Made by Not-For-Profit

question 31

True/False

Microloans in the SBA credit program are made by not-for-profit or government-affiliated Community Development Financial Institutions (CDFIs).

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Definitions:

Labor Force

The sum of individuals in a country or particular region who have jobs or are actively looking for work.

Inflation Rate

The proportionate escalation in prices for goods and services within an economy during a specified time period.

Technological Advance

The improvement or innovation in technology, which contributes to increased productivity, efficiency, and potentially new products or services.

E-commerce

Buying and selling on the Internet.