The Washington Consensus refers to a. agreements between ...

[KWilfred]

The Washington Consensus refers to
 
  a. agreements between Republicans and Democrats
   b. guidelines for limiting government intervention, supported by the World Bank andInternational Monetary Fund
  c. the agreement as to where to locate the U.S. government
   d. guidelines for providing U.S. aid to developing-country governments
   e. guidelines for providing federal aid to state and local governments

Question 2

Why may potential savings in a developing economy be greater than they appear? How can poor people be encouraged to save through financial institutions?
 
  What will be an ideal response?

[KKcool]

Answer to Question 1

B

Answer to Question 2

Students should recognize that poor people may save in the form of land, commodities, and ceremony, which substitute for the availability of trustworthy financial institutions. The chapter provides a focus on informal financial institutions, targeted on poor people, that can form the basis for answering the second question.

[KWilfred]

Thank you

[KKcool]

No problemo