3.4 - Loan Activities of Banks
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Practice Questions
Test your understanding with targeted questions
Define collateral.
💡 Hint: Think about what you would offer a bank as security for a loan.
What are self-help groups?
💡 Hint: Consider the benefit of pooling savings.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary role of banks in the economy?
💡 Hint: Think about how banks operate.
True or False: Credit can sometimes lead borrowers into a debt trap.
💡 Hint: Consider the impact of high-interest rates on repayment.
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Challenge Problems
Push your limits with advanced challenges
A business owner takes a loan from both a bank and an informal lender. Analyze how the different interest rates might affect the owner's financial decisions.
💡 Hint: Consider the implications of managing multiple loans.
If a self-help group experiences irregular savings contributions, what might be the consequences for its members?
💡 Hint: Think about how group cohesion affects financial support.
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