Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Question

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Answer 1

Question

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

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Answer 2

Question

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

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Answer 3

Question

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

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Answer 4

Question

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

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Answer 5

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

Answer 6

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

Answer 7

Chapter 10, Problem 3QFT

To determine

Concept introduction:

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Answer 8

Expert Solution & Answer

Answer to Problem 3QFT

The effects of Grameen bank lending on community is very positive and beneficial. The lending has helped people in different aspects of life.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

The effects of Grameen bank’s lending on a community are as follows:

Grameen bank functions are spread across more than 100 countries from the U.S. to Uganda, t. This has helped rural women to escape poverty by starting small businesses.

It also provides flexibility in the process of lending and borrowing, by increasing the amount of security and making the asset easily convertible into cash.

It helps in preventing those people who are casual employees and entrepreneurs from falling into the vicious cycle of poverty during bad financial times.

The community has increased their income level due to the small loans offered by Grameen bank.

Answer 12

Ch. 10.A - Prob. 1P Ch. 10.A - Prob. 2P Ch. 10.A - Prob. 3P Ch. 10 - Prob. 1QFT Ch. 10 - Prob. 2QFT Ch. 10 - Prob. 3QFT Ch. 10 - Prob. 1P Ch. 10 - Prob. 2P Ch. 10 - Prob. 3P Ch. 10 - Prob. 4P

Grameen bank: It is a type of bank established by Mohammed Yunus of Bangladesh. The main function of the bank is to provide loans to the poor people without any legal obligations and collateral security. It also takes the responsibility of a borrower if one gets into any difficulty

Answer to Problem 3QFT

Explanation of Solution

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Chapter 10 Solutions