The primary function of the International Finance Corporation (IFC) is to:
A. provide U.S. surplus food to low-income countries.
B. provide short-term loans to poor countries to finance international trade deficits.
C. make infrastructure loans, that is, loans for highways, schools, communication facilities,
and so forth.
D. make loans to private enterprises in the DVCs.
D. make loans to private enterprises in the DVCs.
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The marginal tax rate is the
A. total amount of taxes paid as a percentage of total income. B. increase in taxes as a percentage of an increase in income. C. sum of all individual tax rates. D. tax rate paid by those with the lowest family incomes.
One of the essential functions that a bank performs is
A) transferring money from savers to lenders. B) owning assets like real estate. C) purchasing government bonds. D) creating deposits by lending required reserves.
A $1000 face value coupon bond with a $60 coupon payment every year has a coupon rate of
A) .6 percent. B) 5 percent. C) 6 percent. D) 10 percent.
If it is assumed that there are absolutely no taxes in an economy, then aggregate consumption will be drawn as a function of:
a. disposable income. b. real GDP. c. government expenditure. d. private income. e. government transfers.