Foreign aid includes:
A)grants and loans extended on more favorable repayment terms than the recipient could normally secure.
B)only loans with strict repayment terms.
C)only grants which have to be repaid on some predetermined date.
D)the transfer of money by an overseas worker to his family.
E)medical equipment sent by a foreign country during times of need.

Question

Quizplus · Accepted Answer

Foreign aid includes grants and loans that are extended on more favorable repayment terms than the recipient could normally secure. This includes concessional loans, which have lower interest rates and longer repayment periods than commercial loans. Grants, on the other hand, do not have to be repaid.

Foreign Aid Includes