What is the World Bank? What is its function?
What will be an ideal response?
The World Bank is a United Nations agency that comprises more than 180 member nations. The World Bank is financed by contributions from developed countries. The World Bank has employees located in its headquarters in Washington DC and in regional offices throughout the world. The World Bank provides money to developing countries to fund projects for humanitarian purposes and to relieve poverty. It provides funds to build roads, construct dams and other water projects, establish hospitals and provide medical assistance, develop agriculture, and provide humanitarian aid. The World Bank provides outright grants of funds to developing countries for such projects, and it makes long-term low-interest-rate loans to those countries. The bank routinely grants debt relief for these loans.
You might also like to view...
When a nation is in autarky and maximizes its living standard, its consumption and production points are
a. along the production possibilities frontier. b. above the production possibilities frontier. c. beneath the production possibilities frontier. d. beside the production possibilities frontier.
Paid-in capital consists of ________.
A) amounts received from customers B) amounts raised by issuing bonds or preferred stocks C) earnings generated by the corporation D) amounts received from stockholders in exchange for stock
To produce a confidence interval estimator for the total, we multiply the lower and upper confidence limits of the interval estimator of p by ____________________
Fill in the blank(s) with correct word
Mr. and Mrs. Casey have two dependent children, ages 3 and 6. The Caseys spent $10,300 for child care this year. Mrs. Casey is employed full-time as an attorney. Mr. Casey is an unpublished novelist who has yet to earn any money from his writing. The Caseys are eligible for a dependent care credit.
Answer the following statement true (T) or false (F)