The original mission of the World Bank was to
A) provide capital to underdeveloped countries.
B) provide capital to firms around the world.
C) provide financial assistance for the reconstruction of war-damaged nations.
D) help countries manage their exchange rates.
C
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A decrease in business taxes will tend to ________.
A. decrease aggregate demand B. increase aggregate supply C. increase aggregate supply but not change aggregate demand D. increase aggregate demand but not change aggregate supply
In 1992, Britain and Italy __________ the European Monetary System and __________ against the other major European currencies
A) joined; fixed their currency B) joined; let their currency float C) left; fixed their currency D) left; let their currency float
Which of the following statements is true?
a. The U.S. Treasury deals in newly issued bonds and the Fed deals in previously issued (second-hand) bonds. b. The U.S. Treasury deals in previously issued bonds and the Fed deals in newly issued bonds. c. The U.S. Treasury deals in only newly issued bonds and the Fed deals in both new and second-hand bonds. d. The U.S. Treasury deals in both new and second-hand bonds and the Fed only deals in second-hand bonds. e. Both the U.S. Treasury and the Fed deal in both new and second-hand bonds.
Bank reserves increase when the Treasury finances an expenditure through
A) taxation. B) borrowing from the non-bank public. C) borrowing from the banking system. D) borrowing from the Fed.