Of the Following,which Is NOT True About the IMF and World

question 42

Multiple Choice

Of the following,which is NOT true about the IMF and World Bank?

• A) They were established in 1890.
• B) Their purposes are to promote international monetary stability and international trade.
• C) The IMF provides short-term loans to countries in financial crises.
• D) More than 180 countries participate as members of the IMF.
• E) The World Bank focuses upon long-term loans to developing countries seeking financing for economic reform purposes intended to raise the standard of living.

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Definitions:

Unit Costs

The cost incurred to produce, store, or purchase one unit of a product or service.

Customizing

Using warehousing to add value to a product through component modification, repair, labelling, and packaging.

Warehouse Layout

A design that attempts to minimize total cost by addressing trade-offs between space and material handling.

Warehouse Layout

The arrangement of a warehouse and its storage facilities to optimize the storage and handling of goods, efficiency, and safety.