The Practice of Lending Very Small Amounts of Money, Without

question 33

Multiple Choice

The practice of lending very small amounts of money, without collateral, and accepting small savings deposits is known as

• A) microfinance.
• B) capital flight.
• C) debt rescheduling.
• D) a stabilization program.

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Definitions:

Office Supplies

Items and materials used in offices for daily operations, including paper, pens, and other stationery.

Miscellaneous Expense

General ledger accounts for expenses that are not sufficiently large or regular enough to be allocated to specific expense categories.

Bank Statement

A monthly document provided by a bank detailing all transactions in a customer's account for a given period.

Note Receivable

A financial asset representing a written promise from a borrower to pay a certain sum of money to the lender at a future date.