The World Bank is an example of a(n) ____, supported by industrialized nations, including the United States.
A) Eximbank
B) IMF
C) MDB
D) EFTA
E) LAFTA

Question

Quizplus · Accepted Answer

MDB stands for Multilateral Development Bank, which is a financial institution that provides loans and grants to countries for economic development purposes. The World Bank is an example of an MDB and is supported by industrialized nations, including the United States. Eximbank (A) is a government agency that provides financing to support exports from the US while the IMF (B) is an organization that promotes international monetary cooperation and exchange rate stability. EFTA (D) and LAFTA (E) are regional trade organizations, but they are not relevant to the World Bank.

The World Bank Is an Example of A(n) ____, Supported