Which of the following statements best describes the role of the World Bank?
A) The World Bank provides finance for large development projects in developing countries, such as transportation infrastructure, agricultural irrigation or banking sector reform
B) The World Bank provides subsidies for large development projects in developing countries, such as transportation infrastructure, agricultural irrigation or banking sector reform
C) The World Bank is a commercial bank that focuses on banking in developing countries
D) The World Bank has a role similar to Central Banks in individual nation states, and acts as lender of last resort to secure the liquidity of the global financial system
Correct Answer:
Verified
Q2: Which is not one of the main
Q3: The negotiations over global regulation of the
Q4: The WTO is a predecessor organization of
Q5: ASEAN is a regional free trade area
Q6: Free trade areas can have a negative
Q7: The IMF does not provide financial support
Q8: The Pisa Agreement and the Bristol Accord
Q9: Which is not a role performed by
Q10: Which of the following statements on the
Q11: The committee of regulators and central bankers
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