Asked by Taylor Casbon on Jul 30, 2024
Verified
The World Bank seeks to
A) provide financial backing for the work of the International Monetary Fund.
B) maintain stable exchange rates in the currencies of developing countries.
C) assist developing countries in achieving economic growth.
D) maximize its profits for its worldwide shareholders.
World Bank
An international lending institution that offers financial aid and grants to the governments of developing countries for capital project initiatives.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in real GDP.
Developing Countries
Nations with a lower standard of living, underdeveloped industrial base, and lower Human Development Index (HDI) compared to developed countries.
- Acknowledge the significance of international support and bodies like the World Bank in aiding the economic progress of developing countries.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
C
Explanation :
The World Bank's primary mission is to assist developing countries through loans, grants, and advice to achieve economic growth and reduce poverty.
Learning Objectives
- Acknowledge the significance of international support and bodies like the World Bank in aiding the economic progress of developing countries.