In Developing Countries,it Can Be Expensive and Time-Consuming for the Poor

question 77

Multiple Choice

In developing countries,it can be expensive and time-consuming for the poor to legalize their property ownership. Without legal title,the property cannot be used as ________ to borrow funds.

• A)collateral
• B)points
• C)interest
• D)restrictive covenants

---

Definitions:

Officials

People appointed or elected to a position of authority within an organization or government to enforce rules and regulations.

Benjamin Disraeli

A prominent British politician and writer who served twice as Prime Minister of the United Kingdom, known for his influential role in the Conservative Party and his contributions to the British Empire.

Conservatives

A political ideology favoring the preservation of traditional institutions and values, and cautious about change or innovation.

Modest Means

Referring to a situation or condition where individuals or families possess limited financial resources, often associated with lower income or wealth levels, affecting their standard of living.