A Rapid Increase in the Availability of Credit to Previously

question 59

Multiple Choice

A rapid increase in the availability of credit to previously underserved borrowers is likely ________.

• A)to result from financial liberalization
• B)to improve the allocation of capital
• C)to confirm the merits of microcredit
• D)to result from deleveraging

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Definitions:

Normal Good

A good for which demand increases when income increases and falls when income decreases, all other factors being equal.

Income Increased

A rise in the amount of money earned from work, investments, or other sources.

Consumption of Strawberries

Refers to the amount of strawberries that are eaten or used by consumers within a specific period.

Commodity X

A placeholder term for any generic good or service in economic discussions or models.