Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Economics: Undergraduate Capstone Economics
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![Question 30
Who was the founder of the Grameen Bank?
Dr. Muhammod Yunus
O Dr. Michael Kremer
O Dr. Abhijit Banerjee
O Dr. Esther Duflo](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6b6e459-47ff-452d-803f-2e1b4d6d6b50%2Fd55ce43d-609f-4758-8382-bd8639901e67%2Fbwiwgxn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 30
Who was the founder of the Grameen Bank?
Dr. Muhammod Yunus
O Dr. Michael Kremer
O Dr. Abhijit Banerjee
O Dr. Esther Duflo
![Question 29
Micro-finance loans like those provided by the Grameen Bank that rely on group liability have a number of disadvantages.
Which below is one of them?
Successful members must at times cover the group's losses in order to avoid default and retain access to credit.
O Group lending leads to high fixed costs per individual loan.
O Group lending increases the risk to an individual member since there is a decline in the monitoring of each individual borrower.
O Group lending raises the overall risk to any individual member.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6b6e459-47ff-452d-803f-2e1b4d6d6b50%2Fd55ce43d-609f-4758-8382-bd8639901e67%2Fpyn7wao_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 29
Micro-finance loans like those provided by the Grameen Bank that rely on group liability have a number of disadvantages.
Which below is one of them?
Successful members must at times cover the group's losses in order to avoid default and retain access to credit.
O Group lending leads to high fixed costs per individual loan.
O Group lending increases the risk to an individual member since there is a decline in the monitoring of each individual borrower.
O Group lending raises the overall risk to any individual member.
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