Most of the International Monetary Fund's loan activities since the mid-1970s have been targeted toward developing nations typically because
A. developed nations are not willing to enact certain macroeconomic policies in return for money.
B. of relatively slow economic growth in the developed countries of Europe.
C. only developing nations are allowed to be its beneficiaries.
D. it does not have enough funds to lend to large and developed countries.
E. developing nations are more than twice as likely to experience financial crises as developed nations.
Answer: E
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