alleryInterest charged by a Self Help Group is compared with that of the:
AMutual bank
BMunicipal bank
CMoneylender
DMerchant bank
Answer & Solution
Correct answer: C. Moneylender
1. The group does charge interest on its loans.
2. But the rate is lower than one alternative.
3. It is less than what the moneylender charges.
_Source: syllabus Social Science, 'Understanding Economic Development', Ch 3 'Money and Credit'_
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