____ is an internationally supported bank that provides loans to developing countries to help them grow.
A) A multilateral development bank
B) The International Development Bank
C) An international bank
D) The Federal Reserve
E) The International Monetary Fund

Question

Quizplus · Accepted Answer

Multilateral development banks are international organizations that provide financial support and loans to developing countries for their economic and social development. They are supported by multiple member countries and operate under international agreements, such as the World Bank and the Asian Development Bank. The International Development Bank and the International Bank are not specific institutions, while the Federal Reserve is the central bank of the United States and does not directly provide loans to developing countries. The International Monetary Fund also provides financial assistance to countries in need, but its mandate is broader and includes policies to promote international monetary cooperation and exchange rate stability.

____ Is an Internationally Supported Bank That Provides Loans to Developing