​The International Development Association Was Established to Promote Economic Development

question 61

Multiple Choice

​The International Development Association was established to promote economic development:

• A) ​in Asia through grants to businesses.
• B) ​by providing nonsubsidized loans (at market interest rates) to governments and their agencies.
• C) ​by providing low-interest-rate loans (below-market rates) to poor nations.
• D) ​through the private sector by providing loans to corporations and investing in their stock.

---

Definitions:

Revenue Retrieval

The process of getting back revenue that has been lost or unaccounted for through various recovery efforts or strategies.

Resale Revenue

Income generated from selling goods or services that were previously purchased.

Recycling Revenue

Income generated from selling recyclable materials that have been collected, processed, and remanufactured into new products.

Processing Cost

The expenses involved in the transformation of raw materials into finished products, including labor, machine usage, and utilities.