Financial institutions for the poor have been neglected because
a. large banks considered rural branches to be unprofitable
b. economists and others believed that poor people were unable to save
c. the poor often save in non-monetary forms
d. small farmers and business people were considered to be untrustworthy borrowers
e. all of the above
E
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Extractive institutions control political power to:
A) enforce property rights and an equitable legal system. B) allow new businesses to enter and compete in a market. C) transfer resources from the ruling party to society. D) transfer resources from society to the ruling party.
When tax revenues are greater than government expenditures, the government has a budget
A) crisis. B) deficit. C) surplus. D) revision.
In a model with money neutrality, how much should the money supply be increased to obtain a 1% increase in nominal output?
A) -1% B) between 0 and 1% C) 1% D) It cannot be done.
Total surplus in a market is consumer surplus minus producer surplus
a. True b. False Indicate whether the statement is true or false