microcredit
What is microcredit?
Microcredit is the provision of very tiny loans (microloans) to disadvantaged borrowers who lack collateral, consistent employment, or a verified credit history. It is intended to encourage business and alleviate poverty. Many clients are uneducated and hence unable to complete the documentation required for traditional loans.
Microcredit is a subset of microfinance, which provides the needy with a broader range of financial services, including savings accounts. The Grameen Bank, founded in Bangladesh in 1983, is widely regarded as the birthplace of modern microcredit. Despite initial reservations, many regular banks eventually adopted microcredit. 2005 was designated as the International Year of Microcredit by the United Nations. Microcredit is a method that can potentially help to lessen the feminization of poverty in developing countries.
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Answer:
$309
Explanation:
The computation of the gross earning for the week is as follows:
Given that
Payment of $7.15 × 8 = $57.2 or payment of each unit produced whichever is greater
On monday
= 90 units × $0.60
= $54
But the greater is $57.2
On tuesday
= 114 units × $0.60
= $68.4
On Wednesday
= 82 units × $0.60
= $49.20
But the greater is $57.2
On thursday
= 112 units × $0.60
= $67.20
On friday
= 98 units × $0.60
= $58.80
Now the earnings for the last week is
= $57.20 + $68.4 + $57.20 + $67.20 + $58.80
= $308.80
= $309
Answer:
The firm's cost of preferred stock is 9.10%
Explanation:
The cost of preferred stock with the flotation of 5% would be the dividend payable by the preferred stock divided by the adjusted current market price(adjusted for flotation cost)
The dividend per year is $8
The adjusted price of the stock=$92.50*(1-f)
where f is the flotation cost in percentage terms i.e 5%
adjusted price of the stock is =$92.50*(1-5%)=$ 87.88
Cost of preferred stock=$8/$87.88*100 = 9.10%
Options for this question include:
a. Tripled
b. Remained the same
c. Doubled
d. Declined
___________________________________________________________
World trade has been on the rise in the past decade and as a result, the dollar value of world trade has c. Doubled.
Thanks to more integration, less restrictive government policy, a rise in population and standards of living, world trade has increase over the past couple of decades such that:
- Trade in goods has risen from $10 trillion in 2005 to $18.8 trillion in 2019
- Trade in services has risen from $2.5 trillion in 2005 to $6 trillion in 2019
When looking at the trade of goods, one can see that trade has almost doubled and in the case of services, close to triple.
We can therefore conclude that world trade has doubled in the past decade.
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Answer:
The increased government spending generates people to have an increase in funds available which will allow them to increase their consumption and liek that the demand increases.
Explanation:
If there is an increase in government spending, this will cause people to have more funds available, for example, it can cause the unemployed people to find jobs which will allow them to have more money to spend. Because of that, the demand for products and services will increase which can produce growth in the short term.
