What Is the Purpose of the Grameen Bank

question 349

Multiple Choice

What is the purpose of the Grameen Bank?

• A) offer development aid for transport and communications improvements
• B) provide small loans to small entrepreneurs in rural villages
• C) create a common currency to replace national South Asian currencies
• D) implement structural adjustment policies for client governments

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Definitions:

Financial Statements

Structured documentation of financial transactions and status of a company, individual, or different entity.

Vertical Analysis

A method of financial statement analysis in which each entry of the main categories of the financial statements is listed as a percentage of another item.

Gross Profit

The financial gain made after subtracting the cost of goods sold from the total revenue generated from sales.

Accounts Receivable Turnover

A financial ratio that measures how frequently a company collects its average accounts receivable balance in a period.