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Select any low income country (or countries) on which you can find data on the following (a web search should yield you the required information)
a. Interest rates charged by formal banks for loans
b. Interest rates charged by Grameen (Bangladesh) type micro credit schemes for their loans
c. Interest rates charged by private money lenders (e.g. pawn shops, retail boutiques in towns and villages, landlords, professional informal money lenders in villages and towns)
Note the differences that you observe in interest rates charged by the three types of lenders and discuss what you can learn from your observations about credit markets in low income developing countries
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Engineers at national research laboratory built a prototype automobile which could be driven 180 miles on single gallon of unleaded gasoline. They estimated that in the mass production the care would cost 40k for each unit to build.
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