Which of the Following Statements Is NOT True of the Microcredit

question 159

Multiple Choice

Which of the following statements is NOT true of the microcredit system in South Asia?

• A) Most of the loans are made to women.
• B) The loans usually pay the start-up costs of small enterprises.
• C) Microcredit is based on a system of borrowers who are organized into small groups that are collectively responsible for repaying the loan.
• D) While microcredit has been somewhat successful, more than half the loans are not repaid.

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Definitions:

Charleston

A historic city in South Carolina known for its well-preserved architecture, rich history, and significant role in the American Civil War.

Constitutional Union Party

A political party in the United States formed in 1860, which sought to avoid secession by focusing on the Constitution and the Union without addressing the contentious issue of slavery.

Upper South

A subregion of the southeastern United States, typically considered to include states like Virginia, North Carolina, and Tennessee, known for their distinct historical, economic, and cultural characteristics compared to the Deep South.

John Bell

A Tennessee politician who was the Constitutional Union Party candidate for president in 1860, known for his moderate stance on the issue of slavery.