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ROSCAs and Chit Funds
» Practice Questions
1. With a four period ROSCA, three members are able to get money in earlier periods than they would otherwise. All parties are better off. This is an example of a _______________ improvement.
2. An auction ROSCA allows the person with ___________________ to receive funds first.
the most urgent need
the best ability to bribe their neighbors
both a. and b.
3. In India, a ROSCA is more commonly known as a _____________.