3.11 - Exercises
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Practice Questions
Test your understanding with targeted questions
What is money's role in transactions?
💡 Hint: Think about how you buy things.
Define credit in simple terms.
💡 Hint: It's about borrowing and repayment.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What function does money serve in an economy?
💡 Hint: Remember how money is used to buy goods.
True or False: All credit is beneficial for the borrower.
💡 Hint: Think about the consequences of credit.
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Challenge Problems
Push your limits with advanced challenges
Consider a village where credit is primarily informal. Propose a plan to introduce formal credit sources and analyze the expected impact on the community.
💡 Hint: Think about community needs and benefits of formal systems.
Analyze the interplay between credit risk and economic growth, citing examples from the stories of Salim and Swapna.
💡 Hint: Reflect on how credit affects growth opportunities.
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Reference links
Supplementary resources to enhance your learning experience.