Another Name for the International Bank for Reconstruction and Development

question 11

Multiple Choice

Another name for the International Bank for Reconstruction and Development is:

• A) the Recon Bank.
• B) the European Monetary System.
• C) the Marshall Plan.
• D) the World Bank.

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Definitions:

Employment Act

Legislation aimed at governing labor practices, including hiring, working conditions, and rights of employees and employers.

Price Stability

An economic condition in which the prices of goods and services remain relatively constant over time, preventing significant inflation or deflation.

Full Employment

Refers to a situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.

Unemployment Insurance

A government program that provides financial assistance to individuals who have lost their jobs through no fault of their own, to help them meet expenses while they search for new employment.