They accounted for a significant portion of the investment capital used by Chinese immigrants in New York in the early twentieth century.
Third-generation members of an immigrant group who started businesses in the 1920s would have been unlikely to rely on them.
They were frequently joint endeavors by members of two or three different ethnic groups.
Recent immigrants still frequently turn to rotating credit associations instead of banks for investment capital.
4. The passage best supports which of the following statements?
A minority entrepreneur who had no assistance from family members would not be able to start a business.
Self-help networks have been effective in helping entrepreneurs primarily in the last 50 years.
Minority groups have developed a range of alternatives to standard financing of business ventures.
The financial institutions founded by various ethnic groups owe their success to their unique formal organization.
Successful minority-owned businesses succeed primarily because of the personal strengths of their founders.
5. Which of the following best describes the organization of the second paragraph?
An argument is delineated, followed by a counterargument.
An assertion is made and several examples are provided to illustrate it.
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