Only Members of the IMF Can Become Members of the World

question 38

True/False

Only members of the IMF can become members of the World Bank.

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Definitions:

Tariff

A tax imposed by a government on imports or exports of goods.

Imported Oil

Oil that is brought into a country from abroad for use as fuel or raw material in various industries.

Tariff Revenue

The income generated by a government from imposing taxes on imported goods.

Imported Oil

Oil that is brought into a country from abroad for use in domestic consumption or production.