Multiple Choice
In developing nations, microloans
A) have increased the indebtedness of impoverished people, thereby slowing economic growth.
B) are primarily used to finance consumption expenditure, thereby leading to economic growth.
C) have enabled small businesses with limited access to credit to purchase capital and expand, thus allowing greater economic growth.
D) are far too small to have any discernible effect.
Correct Answer:
Verified
Correct Answer:
Verified
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