How did the original focus of the IMF differ from that of the World Bank?
A) The IMF provided short-term loans and the World Bank provided long-term loans.
B) The IMF assisted wealthy nations and the World Bank assisted developing nations.
C) The IMF gave grants to developing countries and the World Bank made loans.
D) The IMF dealt in North and South America only, and the World Bank dealt with the rest of the world.
A
You might also like to view...
Assuming the economy in the graph shown is currently at equilibrium A, we can conclude:
A. the economy is in a recession.
B. the economy is producing less than its potential level of output.
C. there must be unemployment of resources.
D. All of these are true.
Every firm has to bear its fixed costs even when it produces nothing
a. True b. False Indicate whether the statement is true or false
One characteristic of a monopoly market is that the product is virtually identical to products produced by competing firms
a. True b. False Indicate whether the statement is true or false
A payment of $10,000 is to be made in the future. The interest rate 3%. Is this payment worth more if it is paid in 5 years or 10 years? How much more is it worth?