Author Question: With microfinance, the mechanism of peer lending is a way to avoid the problem of (Read 88 times)

Diane · **on:** Apr 19, 2019

Question 1

Microfinance is the practice of lending ________, with no collateral, and accepting ________ savings deposits.

◦ very small amounts of money; small
◦ foreign currency; foreign currency as
◦ money electronically; electronic
◦ government-backed funds; government securities as

Question 2

With microfinance, the mechanism of peer lending is a way to avoid the problem of

◦ capital flight.
◦ imperfect information.
◦ the tragedy of the commons.
◦ a double coincidence of wants.

ebenov · **Reply #1 on:** Apr 19, 2019

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