The Ex-Im Bank is described as being a:
A)bank that lends exclusively to importers.
B)new name for the old "World Bank."
C)federally supported bank whose mission is to thwart communism by making loans to anti-communist nations and exporters.
D)federally supported bank whose mission is to support exporters with necessary credit.
E)bank which is not in existence yet.The concept still awaits Congressional approval.

Question

Quizplus · Accepted Answer

The Ex-Im Bank, or Export-Import Bank, is a federally supported bank in the United States whose primary mission is to facilitate and support the export of U.S. goods and services by providing the necessary credit to exporters. This includes offering loans, loan guarantees, and insurance to help cover the financing gaps that commercial banks may not be willing or able to fill.

The Ex-Im Bank Is Described as Being A