With Microfinance, the Mechanism of ________ Is a Way to Avoid

question 68

Multiple Choice

With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.

• A) requiring no collateral
• B) peer lending
• C) making only small loans
• D) accepting savings deposits

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Definitions:

Ajzen

Refers to Icek Ajzen, a prominent psychologist known for his work on the Theory of Planned Behavior, which explains how attitudes, subjective norms, and perceived control over behavior influence intentions and actions.

Social Cognitive Theory

A framework for understanding, predicting, and changing human behavior that emphasizes the role of observational learning, social experiences, and reciprocal determinism in the development of personality.

Theory of Planned Behavior

A psychological theory that predicts human behavior on the basis of attitudes, subjective norms, and perceived control over the behavior.

Description

The act of providing details or characteristics of someone or something to give a clear picture.