Single Answer MCQ
Q-00015834
How does the provision of credit impact economic development?
1
It stifles growth
2
It facilitates access to resources
3
It leads to increased debt for all
4
It is unrelated to development
Answer and Solution
Answer
B. It facilitates access to resources
Solution:
The provision of credit facilitates access to resources necessary for investment and growth, thereby impacting economic development positively.
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