Question: Could the borrowing circle concept be easily adapted for use in the United States? a. Why or why not? b. What modifications would you suggest

Could the borrowing circle concept be easily adapted for use in the United States?
a. Why or why not?
b. What modifications would you suggest if it were to be adopted?
c. Minorities in the United States often do not use banks. In what ways are U.S. minorities' problems similar to those of people in developing countries?

Step by Step Solution

3.47 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a The borrowing circle probably would not work in the United States because the strong social forces ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

729-B-E-M-E (5940).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!