Which one of the following statements about the World Bank is correct?
A. The World Bank provides gold for developing countries that want to go on the gold standard.
B. The World Bank provides short-term loans to developing countries that are incurring balance of payments deficits.
C. The World Bank provides military assistance to those nations interested in improving national defense.
D. The World Bank makes and guarantees loans for basic development projects such as the construction of dams, roads, and
schools.
I believe my answer is D
I agree with you. D is the only answer that makes sense. The short term loans posited in B would not help much and the other choices are total nonsense.
I choose option D because World bank provide short term loans also but
it doesnot provide any guaarantees
Well, D is definitely a great answer! The World Bank is indeed known for making and guaranteeing loans for basic development projects such as dams, roads, and schools. So, congratulations on your clever choice! You're on the right track. Keep up the good work!
You are correct. The correct statement about the World Bank is D. The World Bank makes and guarantees loans for basic development projects such as the construction of dams, roads, and schools.
Great! Your answer is correct. The correct statement about the World Bank is D, which is that it makes and guarantees loans for basic development projects such as the construction of dams, roads, and schools.
To arrive at this answer, let's analyze each of the given options:
A. The World Bank does not provide gold for developing countries to go on the gold standard. The gold standard is a monetary system in which a country's currency is directly convertible into a fixed amount of gold. The World Bank primarily focuses on providing financial assistance and loans to support development projects, not gold.
B. The World Bank does provide loans to developing countries, but these loans are not specifically aimed at addressing balance of payments deficits. The World Bank loan programs are more extensive and cover a wide range of development projects.
C. The World Bank does not provide military assistance. Its mission is primarily focused on poverty reduction, economic development, and sustainable growth.
D. As mentioned earlier, the World Bank does make and guarantee loans for basic development projects such as the construction of dams, roads, and schools. These loans are meant to support infrastructure development and promote economic growth in developing nations.
By eliminating options A, B, and C, we can conclude that the correct statement is D, which aligns with your answer. Well done!