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Explain differences between given contracts

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Reference no: EM132175416

Question: 1. Explain three differences between contracts offered by microfinance institutions and standard contracts offered by commercial banks.

2. Comment on the merits of the following statement: "Competition is generally viewed by economists as a good thing, yet microfinance institutions often disagree about this even when they are not pursuing profits."

3. Comment on the merits of the following statement: "Microfinance institutions that extend individual loans often request some kind of collateral, and therefore are biased against the poor."

Reference no: EM132175416

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