Which of the following best summarizes the argument in favor of microfinance?
A) Microfinance ultimately leads to greater tax revenues for national governments.
B) Recently, mainstream banks have begun to view microfinance as the prime driver of advanced economies.
C) Microfinance allows the underprivileged to create businesses and improve their lives.
D) Microfinance alleviates the pressure on MNEs to support developing economies.

Question

Quizplus · Accepted Answer

Microfinance is designed to provide financial services to individuals or small businesses who lack access to conventional banking and related services, with the goal of enabling them to start or expand businesses, thereby improving their economic conditions.

Which of the Following Best Summarizes the Argument in Favor