Question
1. Provide at least one more role of finance in development, apart from what were mentioned in the chapter. 2. Discuss how a sound legal
1. Provide at least one more role of finance in development, apart from what were mentioned in the chapter. 2. Discuss how a sound legal system affects the borrowing and lending behavior of individuals and firms. 3. In your own (or someone else) experience, impart benefits that were derived from paluwagan or microsavings that closely resemble this type of rotating savings and credit association (ROSCA). 4. Research more on the contributions of Muhammad Yunus to microfinance. How can these be applicable to the Philippines? 5. Discuss the importance of microfinance to the economic growth and development of the country. You may use a specific example of an actual institution. 6. Differentiate microfinance from other commercial banks. You may use one specific example of microfinance and one commercial bank. 7. How can we measure the success or failure of microfinance in the country? 8. How can well-functioning Islamic finance contribute to the economic development of the Philippines? 9. Differentiate Islamic finance from non-Islamic financing. 10. Can we consider the 5-6 lending scheme (You may research for more information online.) a good example of microfinance? Why or why not?
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