In Developing Nations, Microloans

question 145

Multiple Choice

In developing nations, microloans

• A) have increased the indebtedness of impoverished people, thereby slowing economic growth.
• B) are primarily used to finance consumption expenditure, thereby leading to economic growth.
• C) have enabled small businesses with limited access to credit to purchase capital and expand, thus allowing greater economic growth.
• D) are far too small to have any discernible effect.

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