Examlex
Which of the following statements is false?
Microfinance
A type of financial service provided to unemployed or low-income individuals or groups who otherwise lack access to traditional banking services.
Collateral
An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.
Savings Deposits
Bank accounts that pay interest on the money deposited, meant for saving rather than daily transactions.
Capital Formation
The process of building up a country's stock of real capital, such as buildings, machinery, and equipment, which is used for production.
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