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Which of the following multilateral institutions provides long-term development

ID: 2732036 • Letter: W

Question

Which of the following multilateral institutions provides long-term development loans to governments of developing nations? Select one: A. The Bank for International Settlements (BIS) B. The International Monetary Fund (IMF) C. The International Bank for Reconstruction and Development (World Bank) D. None of the above Which of the following multilateral institutions often insists that a country follow "austerity measures" designed to restore financial solvency as a condition of receiving a loan? Select one: A. The Bank for International Settlements (BIS) B. The International Monetary Fund (IMF) C. The International Bank for Reconstruction and Development (World Bank) D. None of the above Which of the following multilateral institutions often insists that a country follow "austerity measures" designed to restore financial solvency as a condition of receiving a loan? Select one: A. The Bank for International Settlements (BIS) B. The International Monetary Fund (IMF) C. The International Bank for Reconstruction and Development (World Bank) D. None of the above Which of the following multilateral institutions often insists that a country follow "austerity measures" designed to restore financial solvency as a condition of receiving a loan? Select one: A. The Bank for International Settlements (BIS) B. The International Monetary Fund (IMF) C. The International Bank for Reconstruction and Development (World Bank) D. None of the above

Explanation / Answer

Answer1) C. The International Bank for Reconstruction and Development (World Bank) provides long-term development loans to governments of developing nations.

Answer2) The International Monetary Fund (IMF) often insists that a country follow "austerity measures" designed to restore financial solvency as a condition of receiving a loan.

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