Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

When does microlending occur? Select one: 3. A when businesses take loans from their own customers and return the favor with generous interest rates O

image text in transcribed
When does microlending occur? Select one: 3. A when businesses take loans from their own customers and return the favor with generous interest rates O B when investors provide small loans to local entrepreneurs to start their own businesses, cutting out intermediaries and avoiding the predatory lending rates that are often common in developing countries O C. when consumers loan money to other consumers via lending services, which eliminates banks. loan applications, and credit history reports O D when businesses take out small, inconsequential loans that are not of importance to stakeholders

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management Awareness And Change

Authors: Frank Martin , John Thompson , Jonathan M.Scott

8th Edition

1473726336, 978-1473726338

More Books

Students also viewed these General Management questions