Which of the following makes short-term conditional low-interest loans to LDCs?
a. World Bank.
b. Agency for International Development (AID).
c. Agency for International Finance (AIF).
d. International Monetary Fund (IMF).
d
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Suppose an industry is made up of 25 firms, all with equal market share. The four-firm concentration ratio of this industry is
A) 16%. B) 20%. C) 25%. D) It cannot be determined from the information given.
James Anderson used to work in a reputed multi-national company. During a recession, he lost his job. After a few years, he was unable to get a job and his son was forced to forgo his college education. Mr. Anderson's unemployment resulted in _____
a. a loss of lifetime earnings b. a loss of human capital c. the deterioration of health d. a loss of social cohesion
Price elasticity of demand indicates the consumer response to changes in:
A. Quantity. B. Demand. C. Price. D. Supply.
Suppose there are two countries (country A and country B) each with its own currency (Currency A and Currency B). Suppose the exchange rate is expressed in terms of amount of Currency A needed to get Currency B. A strengthening of Currency A would show up as
A. an increase in the interest rate. B. an increase in the exchange rate. C. a decrease in the exchange rate. D. a decrease in the interest rate.