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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is money's role in transactions?
💡 Hint: Think about how you buy things.
Question 2
Easy
Define credit in simple terms.
💡 Hint: It's about borrowing and repayment.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What function does money serve in an economy?
- Store of Value
- Medium of Exchange
- Unit of Account
💡 Hint: Remember how money is used to buy goods.
Question 2
True or False: All credit is beneficial for the borrower.
- True
- False
💡 Hint: Think about the consequences of credit.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation