What Happened to the Rotating Credit Association, Described by Nici

question 11

Multiple Choice

What happened to the rotating credit association, described by Nici Nelson, that was started up by women living in a Nairobi slum?

• A) The members became wealthy enough to open their own bank accounts.
• B) The men joined the association and forced the founding women out.
• C) The organization grew and developed into a formal bank.
• D) The members lost their money and the association disbanded.

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Definitions:

Wealth of The Nation

A measure of the total value of all assets owned by the inhabitants of a country, including natural resources, capital goods, and human capital.

Re-expression

The process of applying a mathematical transformation to a dataset with the goal of achieving a more linear or normal distribution.

Scatterplot

A graphical representation using dots to show the relationship between two quantitative variables, helping to visualize any correlations.

Quantities X and Y

Refers to variables or values that are often used in mathematical equations or statistical models to represent data, measurements, or unknowns.