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:

Average Tax Rate

The ratio of total taxes paid to total income, indicating the share of income that goes to taxes.

After-Tax Distribution

The amount of money shareholders receive from a corporation's earnings after all applicable taxes have been deducted.

Before-Tax Distribution

Refers to the allocation of income among individuals or entities before accounting for taxes.

Personal Income Tax

a tax levied on individuals or households based on their total annual income, with the tax rate typically increasing as income increases.