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

Question

Quizplus · Accepted Answer

Multilateral development banks, such as the World Bank and the Asian Development Bank, are internationally supported banks that provide loans and other financial assistance to developing countries to promote economic growth and development. The International Monetary Fund (IMF) also provides financial assistance, but focuses more on stabilizing exchange rates and providing temporary loans to countries facing balance of payments issues. The Eximbank is a U.S. government agency that provides financing to assist American businesses in exporting their goods and services. The Federal Reserve is the central bank of the United States and primarily focuses on monetary policy and regulating the banking system.

____ Is an Internationally Supported Bank That Provides Loans to Developing