Which of the following statements is TRUE of the Export Import (Ex-IM) Bank in the United States?
A) It is an international agency run by the WTO that provides capital to firms from emerging and developing economies.
B) It is a federal agency for loans and loan guarantees. Governments in the developing world often provide loans to promote inward direct investment projects such as the construction of dams, power plants, and airports.
C) It is a branch of the EU that provides working capital loans to SMEs that are based in the economic bloc.
D) It is a privately owned bank that offers high interest loans to international firms with poor credit ratings.

Question

Quizplus · Accepted Answer

The Export-Import Bank of the United States (Ex-IM Bank) is indeed a federal agency that provides loans, loan guarantees, and insurance to support the export of U.S. goods and services to international markets. It does not fit the descriptions given for the other options, which inaccurately describe its nature and functions.

Which of the Following Statements Is TRUE of the Export