What Did Grameen Bank Use to Substitute for a Lack

question 13

Multiple Choice

What did Grameen bank use to substitute for a lack of collateral or property rights?

• A) Compulsory spending
• B) Intensive surveillance by male relatives
• C) Collective responsibility
• D) Indebtedness
• E) Independence

Understand and apply the accounting principles related to foreign currency transactions.

Record and report transactions involving foreign currency using the appropriate exchange rates.

Understand the concept of a forward contract and its use in hedging foreign currency risk.

Identify and differentiate between cash flow hedges and fair value hedges.

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Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan or debt.

Purchase-Money Security Interest

A security interest in property that secures the extension of credit by a lender to the borrower for the purpose of acquiring the property.

Perfection

In legal and financial contexts, it refers to the act of completing all necessary steps to establish a secured interest or claim that is enforceable against others.

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to pay back a loan used to purchase the property.