(Last Word) The BIT helped poor people in the Philippines increase their saving by offering "commitment" savings accounts that restricted withdrawals until certain dates or savings targets were reached. This is an example of

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The offering of "commitment" savings accounts by the BIT is an example of a nudge, as it is a small change to the default option that encourages people to save more by restricting their ability to withdraw funds until certain goals are met. This is a subtle way of encouraging people to make better financial decisions without coercing or forcing them to do so.

(Last Word) the BIT Helped Poor People in the Philippines