With a ________ plan, members are placed into small groups and make fixed monthly payments into a pooled account; once a month, a randomly selected member of the group receives that month's entire contributions.

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25-02-2022
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With a ________ plan, members are placed into small groups and make fixed monthly payments into a pooled account; once a month, a randomly selected member of the group receives that month's entire contributions.

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Martebi Martebi · Answer 1 · 2022-02-28T12:50:56+01:00

With a collaborative savings and consumption plan, members are placed into small groups and make fixed monthly payments into a pooled account.

What is collaborative consumption?

Collaborative consumption is known to be a term that connote the sharing/use of a good or service by a specific group.

Through the use of normal consumption a person can pay the full cost of a good and hold exclusive access to it, but with collaborative consumption, a lot of people have access to a good and handle its cost.

See options bellow

A. collaborative savings and consumption

B. peer-to-peer lending

C. save-now-buy-later (SNBL)

D. rent-to-own

E. sharing economy

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With a​ ________ plan, members are placed into small groups and make fixed monthly payments into a pooled​ account; once a​ month, a randomly selected member of the group receives that​ month's entire contributions.

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What is collaborative consumption?

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With a ________ plan, members are placed into small groups and make fixed monthly payments into a pooled account; once a month, a randomly selected member of the group receives that month's entire contributions.