Microfinance Is the Process in Which Small Loans Are Given

question 16

True/False

Microfinance is the process in which small loans are given to entrepreneurial individuals in developing countries in order to develop income which will benefit the individual as well as the local village through poverty reduction.

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Definitions:

Positively Associated

A relationship between two variables where they move in the same direction, implying that as one variable increases, the other one also increases.

Above-average Values

Above-average values refer to data points or observations that exceed the average or mean value of the data set.

Scatterplot

A scatterplot is a graphical representation used to display the relationship between two variables, with data points plotted on a Cartesian coordinate system.

Form

The structure, appearance, or configuration of something, especially as distinct from its substance or content.