Most Microfinance Programs Are Loans Consisting Of

question 21

Multiple Choice

Most microfinance programs are loans consisting of?

• A) A single loan
• B) A larger loan than is typically given out in a commercial bank
• C) A series of loans that are increasing in size
• D) An indefinite series of loans that remains the same size over time

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Definitions:

Imperfect Information

A situation in a market where all parties do not have equal access to relevant information, leading to inefficiencies in decision-making.

Industrially Advanced Nations

Countries that are highly developed in terms of industrial capacity, technology, and infrastructure.

Health Care Demanded

Health care demanded is the quantity of health care services individuals are willing and able to consume at various prices, often influenced by factors like income, price of services, and individual health status.

Medicaid

A public health insurance program in the United States for individuals and families with low income and limited resources.