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Which of the following are examples of social intermediation in microfinance? Select all that apply. a....

Which of the following are examples of social intermediation in microfinance? Select all that apply.

a. loans

b. savings

c. group formation

d. financial literacy

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Homework Answers

Answer #1

Ans. All of the above.

Option.A is correct .Loan is an example of social intermediation in finance as financial institution provide loan to the individuals and business for growth and development.

Option.B is correct. Savings is an example of social intermediation in microfinance as financial institutions promotes saving's among individuals, so that it will be used in future.

Option.C is correct. Group formation is an example of social internediation in microfinance as financial institutions formed a group of individuals and club their investments together, motivate and promote them to start up new business by group investments.

Option.D is correct. Financial Literacy is an example of social intermediation in microfinance as financial institutions provide training to the individuals regarding financial literacy.  

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